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5 Yuan
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1946 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | 行銀灣台 幣台 伍 圓 印年五十三國民華中 廠製印央中 (Translation: Bank of Taiwan Taiwanese currency Five Yuan Printed year 35 of the Republic of China Central Printing and Engraving) |
| Reverse description | The reverse, printed in red, presents a central oval vignette of the naval battle against the Dutch (1633), with a fleet of sailing vessels engaged in combat before a coastal landscape. The numeral '5' appears in large format on either side of the central vignette, set against a fine guilloche underprint. The entire design is enclosed within an elaborate geometric lathe-work border with corner ornaments. |
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| Comments |
The Bank of Taiwan resumed operations under Nationalist Chinese administration in May 1946, following Japan's defeat and the handover of Taiwan. This note belongs to the first paper currency series issued under that reorganized authority — a transitional issue printed domestically at a time when the island's economy was still being reintegrated into the Republic of China monetary system.
By 1949, catastrophic hyperinflation on the mainland had driven enormous quantities of capital and refugees into Taiwan, placing the island's currency under severe pressure. A new Taiwan dollar replaced these yuan-denominated notes at a rate of 40,000 old yuan to 1 new dollar.