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50 Yuan multicolored background

Issuer Bank of Taiwan
Year 1964
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In circulation to 1 July 2002
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Obverse description Central vignette bears a formal portrait of Dr. Sun Yat-sen in three-quarter view, set within an elaborate guilloche border. The bank title 臺灣銀行 appears at the top centre, with the denomination 伍拾圓 rendered in large characters within an ornate cartouche to the right. Corner numerals and repeated denomination characters in Chinese occupy all four margins, with the issue date inscription 中華民國五十三年 printed along the lower margin; the overall colour scheme is violet-purple on a pale underprint.
Obverse lettering 伍 伍 拾 拾 行銀灣臺 圓拾伍 年三十五國民華中 伍 伍 拾 拾
(Translation: Bank of Taiwan Fifty Yuan The 53rd year of the Republic of China)
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Comments

The Bank of Taiwan functioned as Taiwan's de facto central bank from 1949 until the Central Bank of China resumed operations in 1961 — but even after that transition, the Bank of Taiwan continued issuing its own New Taiwan Dollar notes under a parallel arrangement that persisted well into the 1970s. This 1964 note falls squarely in that overlap period, when two institutions were technically both authorized to put currency into circulation.

The "multicolored background" designation in the catalog distinguishes this from an earlier printing of the same type with a simpler background treatment — a detail that matters for attribution but is easy to overlook without direct comparison.

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