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10.000 Yuan
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1948 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | New dollar (1949-date) |
| Composition | Log in to see details |
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| Printer | Log in to see details |
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| Obverse description | Blue vertical-format note with a vignette of a bank building at upper center, flanked by decorative elements. Large Chinese characters render the denomination and issuer name in the central panel, with serial number and date inscriptions in vertical columns. Two manuscript signatures appear at lower left alongside red seal impressions. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Uniface reverse, printed on plain paper with no design elements. A red rectangular seal impression is visible at upper left, consistent with a validation or control stamp applied post-issue. |
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| Comments |
By mid-1948, the hyperinflationary collapse of the mainland Chinese economy was pulling Taiwan's currency down with it. The Bank of Taiwan had been issuing notes pegged to the Nationalist Chinese yuan, and as that currency disintegrated, denominations climbed rapidly — this 10,000 yuan note reflects exactly that upward spiral. The First Printing Factory of Taiwan handled production locally, one of the few instances where the island's own facilities were producing high-denomination emergency paper rather than relying on Shanghai or foreign printers.
The series was effectively obsolete within months. The New Taiwan Dollar, introduced in June 1949 at a conversion rate of 40,000 old yuan to 1 NTD, wiped out whatever purchasing power remained.