1969 Bank of Taiwan 10 Yuan Note - Sun Yat-Sen Type - Republic of China - 1969 Republic of China Bank of Taiwan 10 Yuan Bank Note - P#1979a

This listing is for the photographed 1969 Republic of China Bank of Taiwan 10 Yuan Bank Note. Issued by the Bank of Taiwan under the control of the Republic of China (ROC). The obverse of this note displays a portrait of the former Chinese President Sun Yat-Sen on the left end. The reverse of this note depicts the Chungshan building in Taipei on the right. Beautiful design and interesting historical note. P#1979a (Pick Number 1979a).

After Japan's defeat in World War II, Taiwan was placed under the ROC administration. The Bank of Taiwan, originally established during Japanese rule in 1897, was reorganized under the ROC's governance. To combat hyperinflation, the ROC government introduced the New Taiwan Dollar (NTD) in 1950, issued under the supervision of the Bank of Taiwan. The NTD was initially issued as a temporary currency for Taiwan. The Bank of Taiwan continued to print and manage the currency until the establishment of the Central Bank of the Republic of China (CBC). The Central Bank of the ROC, which had relocated to Taiwan with the ROC government after its retreat from mainland China, resumed its operations in Taiwan in 1961, officially entrusting the Bank of Taiwan with the issuance of banknotes. In 1992 the CBC took over responsibility of the issuance of banknotes in Taiwan, and they continue to issue them today.

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1969 Bank of Taiwan 10 Yuan Note - Sun Yat-Sen Type - Republic of China - 1969 Republic of China Bank of Taiwan 10 Yuan Bank Note - P#1979a