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Encyclopedia > Old Taiwan dollar

The Old Taiwan Dollar (舊臺幣 or 舊台幣; ISO 4217 code TWN), sometimes called Old Taiwan yuan, was the currency of the Taiwan, Republic of China from 1946 to 1949. It is issued by the Bank of Taiwan. ISO 4217 is an international standard describing three letter codes to define the names of currencies established by the International Organization for Standardization (ISO). ... National motto: None Official language Mandarin Chinese Capital and largest city Taipei President Chen Shui-bian Vice President Annette Lu Premier Su Tseng-chang Area  - Total  - % water Ranked 138th 35,980 km² 2. ... 1946 (MCMXLVI) was a common year starting on Tuesday. ... 1949 (MCMXLIX) is a common year starting on Saturday. ... Bank of Taiwan established in 1897 headquatered in Taipei. ...

Contents


Overview

The denominations of the Old Taiwan dollar in circulation were A denomination is a unit of currency. ...

  • Horizontal style banknotes
Denomination Dimensions Dominant Color Front Back Printed Year Issued Date
1 dollar 130 x 70 mm Blue Sun Yat-sen, Bank of Taiwan, map of Taiwan Naval Battle Against the Dutch 1946 May 22, 1946
5 dollars 135 x 73 mm Red Sun Yat-sen, Bank of Taiwan, map of Taiwan Naval Battle Against the Dutch 1946 May 22, 1946
10 dollars 141 x 77 mm Green-Gray Sun Yat-sen, Bank of Taiwan, map of Taiwan Naval Battle Against the Dutch 1946 May 22, 1946
50 dollars 144 x 77 mm Brown Sun Yat-sen, Bank of Taiwan, map of Taiwan Naval Battle Against the Dutch 1946 September 1, 1946
100 dollars 154 x 82 mm Green Sun Yat-sen, Bank of Taiwan, map of Taiwan Naval Battle Against the Dutch 1946 September 1, 1946
500 dollars 158 x 84 mm Red Sun Yat-sen, Bank of Taiwan, map of Taiwan Naval Battle Against the Dutch 1946 May 17, 1948
100 dollars 154 x 81 mm Green Sun Yat-sen, Bank of Taiwan, map of Taiwan Naval Battle Against the Dutch 1947 February 1, 1948
1000 dollars 158 x 86 mm Blue-Gray Sun Yat-sen, Bank of Taiwan, map of Taiwan Naval Battle Against the Dutch 1948 May 17, 1948
1000 dollars 158 x 86 mm Blue-Gray Sun Yat-sen, Bank of Taiwan, map of Taiwan, Sugarcane Naval Battle Against the Dutch 1948 August 17, 1948
10,000 dollars 160 x 86 mm Dark Green Sun Yat-sen, Bank of Taiwan, map of Taiwan, Sugarcane Naval Battle Against the Dutch 1948 December 11, 1948
10,000 dollars 143 x 67 mm Red Sun Yat-sen, map of Taiwan Bank of Taiwan 1949 May 17, 1949
100,000 dollars 146 x 63 mm Red Sun Yat-sen, map of Taiwan Bank of Taiwan 1949 Never
  • Vertical style bearer's checks (unifaced)
Denomination Dimensions Dominant Color Front Issued Date
5000 dollars 60 x 147 mm Orange Bank of Taiwan May 3, 1948
10,000 dollars 61 x 150 mm Blue Bank of Taiwan June 1, 1948
100,000 dollars 61 x 150 mm Red Bank of Taiwan September 3, 1948
1,000,000 dollars 61 x 150 mm Red-Brown Bank of Taiwan December, 1948

No coins were issued Sun Yat-sen (November 12, 1866–March 12, 1925) was a Chinese revolutionary and political leader who had a significant role in the overthrow of the Qing Dynasty. ... Bank of Taiwan established in 1897 headquatered in Taipei. ... 1946 (MCMXLVI) was a common year starting on Tuesday. ... May 22 is the 142nd day of the year in the Gregorian calendar (143rd in leap years). ... 1946 (MCMXLVI) was a common year starting on Tuesday. ... Sun Yat-sen (November 12, 1866–March 12, 1925) was a Chinese revolutionary and political leader who had a significant role in the overthrow of the Qing Dynasty. ... Bank of Taiwan established in 1897 headquatered in Taipei. ... Sun Yat-sen (November 12, 1866–March 12, 1925) was a Chinese revolutionary and political leader who had a significant role in the overthrow of the Qing Dynasty. ... Bank of Taiwan established in 1897 headquatered in Taipei. ... Sun Yat-sen (November 12, 1866–March 12, 1925) was a Chinese revolutionary and political leader who had a significant role in the overthrow of the Qing Dynasty. ... Bank of Taiwan established in 1897 headquatered in Taipei. ... September 1 is the 244th day of the year (245th in leap years). ... Sun Yat-sen (November 12, 1866–March 12, 1925) was a Chinese revolutionary and political leader who had a significant role in the overthrow of the Qing Dynasty. ... Bank of Taiwan established in 1897 headquatered in Taipei. ... Sun Yat-sen (November 12, 1866–March 12, 1925) was a Chinese revolutionary and political leader who had a significant role in the overthrow of the Qing Dynasty. ... Bank of Taiwan established in 1897 headquatered in Taipei. ... May 17 is the 137th day of the year in the Gregorian Calendar (138th in leap years). ... 1948 (MCMXLVIII) was a leap year starting on Thursday (the link is to a full 1948 calendar). ... Sun Yat-sen (November 12, 1866–March 12, 1925) was a Chinese revolutionary and political leader who had a significant role in the overthrow of the Qing Dynasty. ... Bank of Taiwan established in 1897 headquatered in Taipei. ... 1947 (MCMXLVII) was a common year starting on Wednesday (link will take you to calendar). ... February 1 is the 32nd day of the year in the Gregorian Calendar. ... Sun Yat-sen (November 12, 1866–March 12, 1925) was a Chinese revolutionary and political leader who had a significant role in the overthrow of the Qing Dynasty. ... Bank of Taiwan established in 1897 headquatered in Taipei. ... 1948 (MCMXLVIII) was a leap year starting on Thursday (the link is to a full 1948 calendar). ... Sun Yat-sen (November 12, 1866–March 12, 1925) was a Chinese revolutionary and political leader who had a significant role in the overthrow of the Qing Dynasty. ... Bank of Taiwan established in 1897 headquatered in Taipei. ... Species Saccharum arundinaceum Saccharum bengalense Saccharum edule Saccharum officinarum Saccharum procerum Saccharum ravennae Saccharum robustum Saccharum sinense Saccharum spontaneum Sugarcane or Sugar cane (Saccharum) is a genus of between 6–37 species (depending on taxonomic interpretation) of tall grasses (family Poaceae, tribe Andropogoneae), native to warm temperate to tropical regions... August 17 is the 229th day of the year (230th in leap years) in the Gregorian Calendar. ... Sun Yat-sen (November 12, 1866–March 12, 1925) was a Chinese revolutionary and political leader who had a significant role in the overthrow of the Qing Dynasty. ... Bank of Taiwan established in 1897 headquatered in Taipei. ... Species Saccharum arundinaceum Saccharum bengalense Saccharum edule Saccharum officinarum Saccharum procerum Saccharum ravennae Saccharum robustum Saccharum sinense Saccharum spontaneum Sugarcane or Sugar cane (Saccharum) is a genus of between 6–37 species (depending on taxonomic interpretation) of tall grasses (family Poaceae, tribe Andropogoneae), native to warm temperate to tropical regions... December 11 is the 345th day (346th in leap years) of the year in the Gregorian calendar. ... Sun Yat-sen (November 12, 1866–March 12, 1925) was a Chinese revolutionary and political leader who had a significant role in the overthrow of the Qing Dynasty. ... Bank of Taiwan established in 1897 headquatered in Taipei. ... 1949 (MCMXLIX) is a common year starting on Saturday. ... May 17 is the 137th day of the year in the Gregorian Calendar (138th in leap years). ... 1949 (MCMXLIX) is a common year starting on Saturday. ... Sun Yat-sen (November 12, 1866–March 12, 1925) was a Chinese revolutionary and political leader who had a significant role in the overthrow of the Qing Dynasty. ... Bank of Taiwan established in 1897 headquatered in Taipei. ... Bank of Taiwan established in 1897 headquatered in Taipei. ... May 3 is the 123rd day of the year in the Gregorian calendar (124th in leap years). ... 1948 (MCMXLVIII) was a leap year starting on Thursday (the link is to a full 1948 calendar). ... Bank of Taiwan established in 1897 headquatered in Taipei. ... June 1 is the 152nd day of the year in the Gregorian calendar (153rd in leap years), with 213 days remaining. ... Bank of Taiwan established in 1897 headquatered in Taipei. ... September 3 is the 246th day of the year (247th in leap years). ... Bank of Taiwan established in 1897 headquatered in Taipei. ...


History of Old Taiwan dollar

Enlarge
Severe inflation caused by corruption in the early ROC administration forced authorities to issue currency with denominations of one million dollars in 1948.

Taiwan was under Japanese colonization before 1945 due to the Treaty of Shimonoseki (1895). Taiwan used Taiwan yen during this period. Download high resolution version (393x951, 166 KB) This image has been released into the public domain by the copyright holder, its copyright has expired, or it is ineligible for copyright. ... Download high resolution version (393x951, 166 KB) This image has been released into the public domain by the copyright holder, its copyright has expired, or it is ineligible for copyright. ... 1945 (MCMXLV) was a common year starting on Monday (link will take you to calendar). ... The Shunpanrō hall where the Treaty of Shimonoseki was signed The Treaty of Shimonoseki (Japanese: 下関条約, Shimonoseki Jōyaku), known as the Treaty of Maguan (T. Chinese: 馬關條約, S. Chinese: 马关条约;) in China, was signed at the Shunpanrō hall on April 17, 1895 between the Empire of Japan and the Qing Empire. ... 1895 (MDCCCXCV) was a common year starting on Tuesday (see link for calendar) of the Gregorian calendar (or a common year starting on Thursday of the 12-day-slower Julian calendar). ... 1944 note worth one Taiwan yen The Taiwan yen is a former unit of currency which was on a par with the Japanese yen. ...


In 1945, after Japan was defeated World War II, Taiwan was returned to China, at the time ruled by the government of the Republic of China (ROC). Within a year, the ROC government took over the Bank of Taiwan and issued Taiwan dollars (also known as Taiwan Nationalist yuan or TWN), replacing the Japanese Taiwan yen at an exchange rate of one to one. The new banknotes were printed in New York at the government's order, and were shipped to Taipei by way of Shanghai. The Taiwan Nationalist Yuan was independent from the Chinese Nationalist Yuan used on Mainland China, since it had been tied to the yen and therefore had depreciated at a slower rate than the Nationalist Yuan. Combatants Allies: • Soviet Union, • UK & Commonwealth, • USA, • France/Free France, • China, • Poland, • ...and others Axis: • Germany, • Japan, • Italy, • ...and others Commanders Strength Casualties Full list Full list World War II, also known as the Second World War, was a large scale military conflict that took place between 1939 and 1945. ... National motto: None Official language Mandarin Chinese Capital and largest city Taipei President Chen Shui-bian Vice President Annette Lu Premier Su Tseng-chang Area  - Total  - % water Ranked 138th 35,980 km² 2. ... 1944 note worth one Taiwan yen The Taiwan yen is a former unit of currency which was on a par with the Japanese yen. ... City nickname: the City of Azaleas Capital District Xinyi Area  - Total  - % water Ranked 16 of 25 271. ... Shanghai (Chinese: 上海 pinyin: (help· info); Shanghainese: Zanhe ) , situated on the banks of the Yangtze River Delta, is Chinas largest city. ... In this map of China, the light-coloured areas represent Mainland China, while yellow coloured area refers to Taiwan. ...


Partly due to the corruption of the Governor-General of Taiwan, Chen Yi, and the 228 Incident, Taiwan suffered severe inflation in the late 1940s. There are also reports that the Bank of Taiwan under ROC administration did not actually have keep accurate records of the total issuance, and that it printed more notes than was legally allowed [1]. As inflation worsened, the government issued banknotes at higher and higher denominations, up to one million yuan, to handle the inflation on the island. Chen Yi, the first ROC Chief Executive and Garrison Commander of Taiwan. ... During the 228 Incident, a crowd of angry people gathered in downtown Taipei. ...


The old dollar was replaced by a new dollar on June 15, 1949 at the rate of 1 new dollar = 40,000 old dollars. The ROC Nationalists were deafeated by the communists in the same year and retreated to Taiwan. Inflation stabalized afterwards. The New Taiwan Dollar (新臺幣 or 新台幣; ISO 4217 code TWD; common abbreviation NT$), or simply Taiwan Dollar, is the currency of the Republic of China (Taiwan). ... June 15 is the 166th day of the year in the Gregorian calendar (167th in leap years), with 199 days remaining. ... 1949 (MCMXLIX) is a common year starting on Saturday. ...


See also

  • Tael
  • Yen
  • Yuan
  • History of Taiwan
  • History of the Republic of China

The tael (兩), PY: Liang, was part of the Chinese system of weights and currency. ... Japanese 10 yen coin (obverse) showing Phoenix Hall of Byodoin Yen is the currency used in Japan. ... Yuan (Traditional: å…ƒ or 圓; Simplified: å…ƒ; pinyin: ; Wade-Giles: yüan) is, in Chinese, the base unit of a currency, for example, US dollar is Mei yuan (美元). However, in international context, Yuan as an English word refers to the Renminbi (RMBÂ¥, CN$). The English pronunciation is /ju:æn/, although in Chinese the... See also History of the Republic of China for a history of the government that currently administers Taiwan. ... The Republic of China (Traditional Chinese: 中華民國; Pinyin: Zhōng huá mín guó) succeeded the Qing Dynasty in 1912, ending 2,000 years of imperial rule. ...

External links

  • Currency Issuance — Central Bank of China
  • Sinobanknote
  • Virginia Sheng, "Notes from a Small Island", Taipei Review, September 1, 2000
  • Chuang Chi-ting, "Legislator pans new bank notes", Taipei Times, February 17, 2001
  • History of Taiwan currency
  • The Taiwanese hyperinflation and stabilization of 1945 - 1952
  • Kurt Schuler, Tables of Modern Monetary History: Asia
Preceded by:
Taiwan yen
Reason: Taiwan returned to China from Japan
Ratio: at par
Currency of Province of Taiwan of the Republic of China
19461949
Note: Taiwan dollar was initially intended to be a temporary and local currency
Succeeded by:
New Taiwan dollar
Reason: inflation
Ratio: 1 new dollar = 40,000 old dollars

 
 

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