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10000 Yuan
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1948 |
| Type | Log in to see details |
| Value | 10 000 Yuan (10 000) |
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| Obverse description | Central vignette of a portrait of Dr. Sun Yat-sen, flanked at left by a vignette of the Bank of Taiwan building with a flag on its roof and at right by an outline map of Taiwan. The design is framed by fine guilloche borders with denomination numerals and Chinese inscriptions arranged around the perimeter. |
|---|---|
| Obverse lettering | 行銀灣台 幣台 壹 萬 圓 印年七十三國民華中 廠製印央中 (Translation: Bank of Taiwan Taiwanese currency Ten Thousand Yuan Printed in the 37th year of the Republic of China Central Printing and Engraving) |
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| Comments |
The Bank of Taiwan's 1948 high-denomination issues emerged directly from hyperinflation on the Chinese mainland bleeding into Taiwan's monetary system. The Central Printing Factory — operating under Nationalist government authority — was producing notes in denominations that would have been unthinkable just years earlier, as the gold yuan and its predecessors collapsed in rapid succession. A 10,000 Yuan note in 1948 was not a prestige instrument; it was a symptom.
Taiwan would replace this currency with the New Taiwan Dollar in June 1949, pegged at 40,000 of the old yuan to one new dollar — which gives some sense of where purchasing power had gone.