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5 Yen in Gold
| Issuer | Bank of Korea |
|---|---|
| Year | 1909 |
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| Value | Log in to see details |
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| Composition | Cotton paper |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 韓國銀行券 五圓 오 원 韓國銀行 見本號 隆熙三年七月法律第二號韓國銀行條例ニ依リ韓國銀行ガ發行ス |
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| Reverse lettering | The Bank of Korea Promises to Pay the Bearer on Demand 五圓 FIVE YEN IN GOLD OR NIPPON GINKO NOTE. 也可用此券兌換日本銀行券或在韓國銀行見兌五圓正 |
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| Comments |
The Bank of Korea was established in 1909 under Japanese protectorate authority, just two years before Korea was formally annexed. This note was issued by that institution — nominally a Korean central bank, but effectively an instrument of Japanese financial control, with the printing handled entirely by the Bank of Japan Printing Bureau in Tokyo. The arrangement was never designed to be temporary.
Gold-denominated notes of this series circulated alongside silver-denominated issues, reflecting the dual currency framework imposed during the transition period. After annexation in 1910, the Bank of Korea was reconstituted as the Bank of Chōsen, and much of the earlier Bank of Korea paper was withdrawn and destroyed, which accounts for the relative scarcity of P#14 survivors today.