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50 Yuan

Issuer Bank of Taiwan
Year 1946
Type Standard circulation banknote
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Obverse lettering 行銀灣台 幣台 伍 拾 圓 印年五十三國民華中 廠製印央中
(Translation: Bank of Taiwan Taiwanese currency Fifty Yuan Printed in the 35th year of the Republic of China Central Printing and Engraving)
Reverse description The reverse is dominated by a central oval vignette rendered in green intaglio, illustrating a naval battle scene identified as the Battle of Liaoluo Bay (1633), with sailing vessels and a coastal landscape in the background. The oval vignette is flanked on either side by large numeral "50" denomination indicators set within elaborate guilloche scrollwork. A decorative border in brown and green surrounds the entire design, incorporating repetitive geometric and floral motifs.
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Comments

The Bank of Taiwan was reestablished under the Nationalist-controlled Taiwan Provincial Government in May 1946, just months after Japan's surrender ended fifty years of colonial rule. This 50 Yuan note was among the first issues of that reconstituted institution — printed domestically at the Central Engraving and Printing Plant rather than sent abroad, which was itself a deliberate assertion of administrative control over the newly recovered territory.

The timing matters: hyperinflation on the mainland was already accelerating, and the Taiwan dollar zone was kept nominally separate from the collapsing fabi currency system — a separation that would prove short-lived by 1948.

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