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50 Yuan
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1951 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
| Size | 140 x 70 mm |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Teal underprint on a vertically oriented note with a decorative guilloche frame. The upper portion carries a vignette of the Bank of Taiwan building with pedestrians in the foreground, surmounted by the English inscription BANK OF TAIWAN and FIFTY YUAN. At centre, a large numeral 50 overlays a map vignette of the island of Taiwan, flanked on each side by red overprints reading 限馬祖通用. The imprint THE FIRST PRINTING FACTORY appears at the lower margin. |
| Reverse lettering | BANK OF TAIWAN FIFTY YUAN 限馬祖通用 THE FIRST PRINTING FACTORY 50 |
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| Comments |
The Bank of Taiwan was not a central bank in the conventional sense — it operated as Taiwan's de facto currency authority after 1945 when the island was returned to the Republic of China, and again after 1949 when the Nationalist government retreated from the mainland. This 1951 series was issued under conditions of acute monetary fragility; the hyperinflation that had devastated the old Taiwan dollar was still recent memory, and the New Taiwan Dollar had only been introduced in 1949 at a rate of 40,000 old dollars to one new.
The First Printing Factory, operating domestically on the island, handled production — a logistical necessity given the complete severance from mainland printing facilities.