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General information

The Central Bank of China

The Central Bank of China (Chinese)

Bank notes

Issued on 15.06.99.

According to Securency, this is the first polymer note to be totally designed and printed outside Australia (in fact, it is the first Guardian® bank note of the kind). The Optically Variable Device (OVD), however, has been applied at NPA. Polymer substrate for the production of S1 bank notes has been delivered by Securency to the Central Bank of China, Taiwan in 1999.

In order to honour its indispensable role in and contribution to Taiwan's economic development, the Central Bank of China (CBC) entrusted the Bank of Taiwan (BOT) to sell 30 million NT$50 bills to commemorate the 50th anniversary of the NT dollar's issuance.

Seals (chops) of General Manager (left) and Managing Director (right).

Taiwan R.O.C., 50 Yuan, issued in 1999. Issued to commemorate 50 years of the introduction of the new Taiwan Yuan. Taiwanese flag in the optically variable device in the clear window. Front: A drawing of the earliest issue of one New Taiwan Yuan note, together with the most recently issued one hundred New Taiwan Yuan note. Pictures depicting a bridge, an express freeway, a railway, the electronics industry, a satellite, and communications networks in the background. Back: A view of the Central Bank of China’s main building and traditional graphical representations portraying Chinese culture. A railway at right, rice harvesting at top right.

Issue of a polymer fifty new Taiwan Dollar note to commemorate fifty years since the new Taiwan Dollar was first issued [Description below from the issue folder.]

Purpose:

Since its establishment in 1991, the Republic of China has seen the issue of fapi (or legal tender) followed by gold yuan note and silver dollar certificates, as well as the reform of the currency through the introduction of the Taiwan dollar (now referred to as the Old Taiwan dollar). Following the issuance of the New Taiwan dollar in 1949, the currency began to exhibit a stable trend in terms of its value, and the economy has subsequently developed rapidly. This has in turn given rise to the Taiwan economic miracle, a feat which has occurred only once in the last one hundred years. Fifty years has now elapsed from the time the New Taiwan dollar was first issued on June 15, 1949 to June 1999. In recognition of the important place attached to the New Taiwan dollar in the process of economic development in Taiwan, a polymer note in commemoration of the 50th anniversary of the NT dollar is especially being issued.

Design:

Obverse: A contracted drawing of the earliest issue of a one New Taiwan dollar note together with a most recently issued one hundred New Taiwan dollar note, as well as pictures depicting a bridge, an express freeway, a railway, the electronics industry, and communications networks. Reverse: A view of the Central Bank of China’s main building and traditional graphical representations portraying Chinese culture.

CBC sees red on plastic banknotes