New Taiwan dollar
Encyclopedia
The New Taiwan dollar (currency code TWD and common abbreviation NT$), or simply Taiwan dollar, is the official currency
of the Taiwan Area of the Republic of China (ROC)
since 1949, when it replaced the Old Taiwan dollar
. Originally issued by the Bank of Taiwan
, it has been issued by the Central Bank of the Republic of China since 2000.
In common usage, the dollar unit is typically referred to as yuán
. In Taiwan, the character
for yuán can be written in either of two forms, an informal 元 or a formal 圓, both of which are interchangeable. Mandarin speakers also use kuài. Kuài is written 塊 and is an abbreviation for 塊錢 (kuài qián), which literally means "piece of money". In the context of discussing prices, 錢 can be omitted. In general, yuán is more commonly used when writing and kuài is more commonly used when speaking.
Taiwanese speakers may also use the word kho͘ (箍 ; literally "circle").
In English usage the New Taiwan Dollar is often abbreviated as NT, NT$, NT Dollar or NTD, while the abbreviation TWD is typically used in the context of foreign exchange rates. Subdivisions of a New Taiwan Dollar are rarely used, since practically all products on the consumer market are being sold at whole dollars.
at a 40,000-to-1 ratio. The first goal of the New Taiwan dollar was to end the hyperinflation
that had plagued Taiwan and Mainland China
due to the Chinese civil war
fought in mainland China. A few months later, the ROC government under the Kuomintang
(KMT) was defeated by the Chinese communists
and retreated to Taiwan.
Even though the Taiwan dollar was the de facto currency of Taiwan, for years the old Chinese Nationalist yuan was still the official national currency of the Republic of China. The Chinese Nationalist yuan was also known as the fiat currency (法幣) or the silver yuán (銀元), even though it was decoupled from the value of silver during World War II. Many older statute
s in ROC law have fines and fee
s denominated in this currency.
According to the Regulation of exchange rate between New Taiwan Dollars and the fiat currency in the ROC laws (現行法規所定貨幣單位折算新臺幣條例), the exchange rate is fixed at 3 TWD per 1 silver yuan and has never been changed despite decades of inflation. Despite the silver yuan being the primary legal tender
currency, it was impossible to buy, sell, or use it, so it effectively did not exist to the public.
In July 2000, the New Taiwan dollar became the official currency of the ROC and is no longer secondary to the silver yuan. At the same time, the Central Bank of China (now known as the Central Bank of the Republic of China) began issuing New Taiwan dollar banknotes directly and the old notes issued by the Bank of Taiwan were taken out of circulation.
In the history of the currency, the exchange rate as compared to the United States dollar
(USD) has varied from less than 10 TWD per USD in the mid-1950s to more than 40 TWD per 1 USD in the 1960s and about 25 TWD per 1 USD around 1992. The exchange rate as of October 26, 2011 sits around 30.105 TWD per 1 USD.
of the Taiwan dollar in circulation are
Coins are minted by the Central Mint of China
, while notes are printed by the China Engraving and Printing Works
. Both are run by the Central Bank of the Republic of China. The NT$½ coin is rare because of its low value, while the NT$20 coin is rare because of the government's lack of willingness to promote it. As of 2010, the cost of the raw materials in a NT$½ coin is worth more than the face value of the coin.
The current set includes banknotes for NT$100, NT$200, NT$500, NT$1000, and NT$2000. Note that the NT$200 and NT$2000 banknotes are not commonly used by consumers. This may be due to the tendencies of consumers to simply use multiple NT$100 or NT$500 bills to cover the range of the NT$200, as well as using NT$1000 bills or credit/debit cards instead of the NT$2000 bill. Lack of government promotion may also be a contributing factor to the general lack of usage.
It is relatively easy for the government to disseminate these denominations through various government bodies that do official business with the citizens, such as the post office, the tax authority, or state owned banks. There is also a conspiracy theory against the Democratic Progressive Party
, the ruling party at the time the two denominations were issued. The conspiracy states that putting Chiang Kai-shek
on a rarely used banknote would "practically" remove him from the currency, while "nominally" including him on the currency would not upset supporters on the other side of the political spectrum that much (the Pan-Blue Coalition
).
The year 2000 version $500 and 1999 version $1000 notes without holographic strip were officially taken out of circulation on August 1, 2007. They were redeemable at commercial banks until September 30, 2007. As of October 1, 2007, only the Bank of Taiwan
accepts such notes.
On 6 January 2011, the Central Bank of the Republic of China issued a new 100-dollar legal tender circulating commemorative in celebration of the 100th anniversary of the founding of the Republic of China.
The red paper note measures 145 × 70 mm and features a portrait of Dr. Sun Yat-Sen on the front, and the Chung-Shan Building on the back.
The design is no different from the ordinary NT$100 note, except for the wording in Chinese language in the reverse of the note, which reads: “Celebrating the 100 years of founding of the Republic of China.”
Currency
In economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply...
of the Taiwan Area of the Republic of China (ROC)
Republic of China
The Republic of China , commonly known as Taiwan , is a unitary sovereign state located in East Asia. Originally based in mainland China, the Republic of China currently governs the island of Taiwan , which forms over 99% of its current territory, as well as Penghu, Kinmen, Matsu and other minor...
since 1949, when it replaced the Old Taiwan dollar
Old Taiwan dollar
The Old Taiwan dollar , sometimes called Old Taiwan yuan, was the currency of Taiwan, Republic of China from 1946 to 1949. It was issued by the Bank of Taiwan.-History:...
. Originally issued by the Bank of Taiwan
Bank of Taiwan
The Bank of Taiwan is a bank headquartered in Taipei, Republic of China . It is administered and owned by the Executive Yuan of the Republic of China.-History:...
, it has been issued by the Central Bank of the Republic of China since 2000.
Etymology
The Chinese term for "New Taiwan Dollar" (新臺幣 or 新台幣, literally "New Taiwan Currency") typically is only used for banking and in legal contracts where it is necessary to avoid any possible ambiguity, or when talking about foreign exchange or other currencies.In common usage, the dollar unit is typically referred to as yuán
Chinese yuan
The yuan is the base unit of a number of modern Chinese currencies. The yuan is the primary unit of account of the Renminbi.A yuán is also known colloquially as a kuài . One yuán is divided into 10 jiǎo or colloquially máo...
. In Taiwan, the character
Chinese character
Chinese characters are logograms used in the writing of Chinese and Japanese , less frequently Korean , formerly Vietnamese , or other languages...
for yuán can be written in either of two forms, an informal 元 or a formal 圓, both of which are interchangeable. Mandarin speakers also use kuài. Kuài is written 塊 and is an abbreviation for 塊錢 (kuài qián), which literally means "piece of money". In the context of discussing prices, 錢 can be omitted. In general, yuán is more commonly used when writing and kuài is more commonly used when speaking.
Taiwanese speakers may also use the word kho͘ (箍 ; literally "circle").
In English usage the New Taiwan Dollar is often abbreviated as NT, NT$, NT Dollar or NTD, while the abbreviation TWD is typically used in the context of foreign exchange rates. Subdivisions of a New Taiwan Dollar are rarely used, since practically all products on the consumer market are being sold at whole dollars.
History
The New Taiwan dollar was first issued by the Bank of Taiwan on June 15, 1949, to replace the Old Taiwan dollarOld Taiwan dollar
The Old Taiwan dollar , sometimes called Old Taiwan yuan, was the currency of Taiwan, Republic of China from 1946 to 1949. It was issued by the Bank of Taiwan.-History:...
at a 40,000-to-1 ratio. The first goal of the New Taiwan dollar was to end the hyperinflation
Hyperinflation
In economics, hyperinflation is inflation that is very high or out of control. While the real values of the specific economic items generally stay the same in terms of relatively stable foreign currencies, in hyperinflationary conditions the general price level within a specific economy increases...
that had plagued Taiwan and Mainland China
Mainland China
Mainland China, the Chinese mainland or simply the mainland, is a geopolitical term that refers to the area under the jurisdiction of the People's Republic of China . According to the Taipei-based Mainland Affairs Council, the term excludes the PRC Special Administrative Regions of Hong Kong and...
due to the Chinese civil war
Chinese Civil War
The Chinese Civil War was a civil war fought between the Kuomintang , the governing party of the Republic of China, and the Communist Party of China , for the control of China which eventually led to China's division into two Chinas, Republic of China and People's Republic of...
fought in mainland China. A few months later, the ROC government under the Kuomintang
Kuomintang
The Kuomintang of China , sometimes romanized as Guomindang via the Pinyin transcription system or GMD for short, and translated as the Chinese Nationalist Party is a founding and ruling political party of the Republic of China . Its guiding ideology is the Three Principles of the People, espoused...
(KMT) was defeated by the Chinese communists
Communist Party of China
The Communist Party of China , also known as the Chinese Communist Party , is the founding and ruling political party of the People's Republic of China...
and retreated to Taiwan.
Even though the Taiwan dollar was the de facto currency of Taiwan, for years the old Chinese Nationalist yuan was still the official national currency of the Republic of China. The Chinese Nationalist yuan was also known as the fiat currency (法幣) or the silver yuán (銀元), even though it was decoupled from the value of silver during World War II. Many older statute
Statute
A statute is a formal written enactment of a legislative authority that governs a state, city, or county. Typically, statutes command or prohibit something, or declare policy. The word is often used to distinguish law made by legislative bodies from case law, decided by courts, and regulations...
s in ROC law have fines and fee
Fee
A fee is the price one pays as remuneration for services. Fees usually allow for overhead, wages, costs, and markup.Traditionally, professionals in Great Britain received a fee in contradistinction to a payment, salary, or wage, and would often use guineas rather than pounds as units of account...
s denominated in this currency.
According to the Regulation of exchange rate between New Taiwan Dollars and the fiat currency in the ROC laws (現行法規所定貨幣單位折算新臺幣條例), the exchange rate is fixed at 3 TWD per 1 silver yuan and has never been changed despite decades of inflation. Despite the silver yuan being the primary legal tender
Legal tender
Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation. Paper currency is a common form of legal tender in many countries....
currency, it was impossible to buy, sell, or use it, so it effectively did not exist to the public.
In July 2000, the New Taiwan dollar became the official currency of the ROC and is no longer secondary to the silver yuan. At the same time, the Central Bank of China (now known as the Central Bank of the Republic of China) began issuing New Taiwan dollar banknotes directly and the old notes issued by the Bank of Taiwan were taken out of circulation.
In the history of the currency, the exchange rate as compared to the United States dollar
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....
(USD) has varied from less than 10 TWD per USD in the mid-1950s to more than 40 TWD per 1 USD in the 1960s and about 25 TWD per 1 USD around 1992. The exchange rate as of October 26, 2011 sits around 30.105 TWD per 1 USD.
Coins
The denominationsDenomination (currency)
Denomination is a proper description of a currency amount, usually for coins or banknotes. Denominations may also be used with other means of payment like gift cards. See also Redenomination.-Subunit and super unit:...
of the Taiwan dollar in circulation are
| Currently Circulating Coins | ||||||||
|---|---|---|---|---|---|---|---|---|
| Image | Value | Technical parameters | Description | Date of | ||||
| Diameter | Weight | Composition | Obverse | Reverse | first minting | issue | ||
 |
NT$½ | 18 mm | 3 g | 97 % copper Copper Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish... 2.5% zinc Zinc Zinc , or spelter , is a metallic chemical element; it has the symbol Zn and atomic number 30. It is the first element in group 12 of the periodic table. Zinc is, in some respects, chemically similar to magnesium, because its ion is of similar size and its only common oxidation state is +2... 0.5% tin Tin Tin is a chemical element with the symbol Sn and atomic number 50. It is a main group metal in group 14 of the periodic table. Tin shows chemical similarity to both neighboring group 14 elements, germanium and lead and has two possible oxidation states, +2 and the slightly more stable +4... |
Mei Blossom, "中華民國XX年"1 | Value | 1981 (Minguo Minguo calendar The Republic of China calendar is the method of numbering years currently used in the Republic of China . It was used in mainland China from 1912 until the founding of the People's Republic of China in 1949.... year 70) |
December 8, 1981 |
 |
NT$1 | 20 mm | 3.8 g | 92% copper Copper Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish... 6% nickel Nickel Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile... 2% aluminium Aluminium Aluminium or aluminum is a silvery white member of the boron group of chemical elements. It has the symbol Al, and its atomic number is 13. It is not soluble in water under normal circumstances.... |
Chiang Kai-shek Chiang Kai-shek Chiang Kai-shek was a political and military leader of 20th century China. He is known as Jiǎng Jièshí or Jiǎng Zhōngzhèng in Mandarin.... , "中華民國XX年" |
December 8, 1981 | ||
 |
NT$5 | 22 mm | 4.4 g | Cupronickel Cupronickel Cupronickel or copper-nickel or "cupernickel" is an alloy of copper that contains nickel and strengthening elements, such as iron and manganese. Cupronickel is highly resistant to corrosion in seawater, because its electrode potential is adjusted to be neutral with regard to seawater... 75% copper Copper Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish... 25% nickel Nickel Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile... |
Chiang Kai-shek Chiang Kai-shek Chiang Kai-shek was a political and military leader of 20th century China. He is known as Jiǎng Jièshí or Jiǎng Zhōngzhèng in Mandarin.... , "中華民國XX年" |
Value | 1981 (Minguo year 70) |
December 8, 1981 |
 |
NT$10 | 26 mm | 7.5 g | December 8, 1981 | ||||
 |
NT$20 | 26.85 mm | 8.5 g | Ring: Aluminium bronze Aluminium bronze Aluminium bronze is a type of bronze in which aluminium is the main alloying metal added to copper, in contrast to standard bronze or brass... (as $50) Center: Cupronickel Cupronickel Cupronickel or copper-nickel or "cupernickel" is an alloy of copper that contains nickel and strengthening elements, such as iron and manganese. Cupronickel is highly resistant to corrosion in seawater, because its electrode potential is adjusted to be neutral with regard to seawater... (as $10) |
Mona Rudao Mona Rudao Mona Rudao, or Mouna Rudao was the son of a chief of the Seediq tribe of Taiwanese aborigines. In 1911, he made a visit to Japan... , "莫那魯道"2, "中華民國XX年" |
Traditional canoes used by the Tao people Tao people The Tao , originally recognized as Yami , are a Taiwanese aboriginal people, native to tiny outlying Orchid Island in Taiwan. The Tao are an Austronesian people linguistically and culturally closer to the Ivatan people of the Batanes islands in the Philippines than to other aboriginal peoples on... |
2001 (Minguo year 90) |
July 9, 2001 |
 |
NT$50 | 28 mm | 10 g | Aluminium bronze Aluminium bronze Aluminium bronze is a type of bronze in which aluminium is the main alloying metal added to copper, in contrast to standard bronze or brass... 92% copper Copper Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish... 6% aluminium Aluminium Aluminium or aluminum is a silvery white member of the boron group of chemical elements. It has the symbol Al, and its atomic number is 13. It is not soluble in water under normal circumstances.... 2% nickel Nickel Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile... |
Sun Yat-sen Sun Yat-sen Sun Yat-sen was a Chinese doctor, revolutionary and political leader. As the foremost pioneer of Nationalist China, Sun is frequently referred to as the "Father of the Nation" , a view agreed upon by both the People's Republic of China and the Republic of China... , "中華民國XX年" |
Latent images of both Chinese Chinese language The Chinese language is a language or language family consisting of varieties which are mutually intelligible to varying degrees. Originally the indigenous languages spoken by the Han Chinese in China, it forms one of the branches of Sino-Tibetan family of languages... and Arabic numerals Arabic numerals Arabic numerals or Hindu numerals or Hindu-Arabic numerals or Indo-Arabic numerals are the ten digits . They are descended from the Hindu-Arabic numeral system developed by Indian mathematicians, in which a sequence of digits such as "975" is read as a numeral... for 50 |
2002 (Minguo year 91) |
April 26, 2002 |
Coins are minted by the Central Mint of China
Central Mint of China
The Central Mint of China is a subsidiary of the Central Bank of China in the Republic of China . The major activities of the mint are minting and melting circulation and commemorative coins, and producing commemorative medals and other kind of casting products for government institutions and...
, while notes are printed by the China Engraving and Printing Works
China Engraving and Printing Works
The China Engraving and Printing Works is a subsidiary of the Central Bank of China in the Republic of China . It is responsible for printing the paper bank notes of Taiwan in its currency, the New Taiwan Dollar....
. Both are run by the Central Bank of the Republic of China. The NT$½ coin is rare because of its low value, while the NT$20 coin is rare because of the government's lack of willingness to promote it. As of 2010, the cost of the raw materials in a NT$½ coin is worth more than the face value of the coin.
Remarks
- "中華民國XX年" = "MinguoMinguo calendarThe Republic of China calendar is the method of numbering years currently used in the Republic of China . It was used in mainland China from 1912 until the founding of the People's Republic of China in 1949....
XX". "中華民國" is also the state title "Republic of ChinaRepublic of ChinaThe Republic of China , commonly known as Taiwan , is a unitary sovereign state located in East Asia. Originally based in mainland China, the Republic of China currently governs the island of Taiwan , which forms over 99% of its current territory, as well as Penghu, Kinmen, Matsu and other minor...
". - "莫那魯道" = "Mona RudaoMona RudaoMona Rudao, or Mouna Rudao was the son of a chief of the Seediq tribe of Taiwanese aborigines. In 1911, he made a visit to Japan...
", anti-Japanese leader at the Wushe IncidentWushe IncidentThe Wushe Incident or Wushe Event or Wushe Revolution / Rebellion / Uprising / Insurrection of 1930 was the last major uprising against colonial Japanese forces in Taiwan...
.
Banknotes
The current series of banknotes for the New Taiwan Dollar began circulation in July 2000. This set was introduced when the New Taiwan Dollar succeeded the silver yuan as the official currency within the Republic of China.The current set includes banknotes for NT$100, NT$200, NT$500, NT$1000, and NT$2000. Note that the NT$200 and NT$2000 banknotes are not commonly used by consumers. This may be due to the tendencies of consumers to simply use multiple NT$100 or NT$500 bills to cover the range of the NT$200, as well as using NT$1000 bills or credit/debit cards instead of the NT$2000 bill. Lack of government promotion may also be a contributing factor to the general lack of usage.
It is relatively easy for the government to disseminate these denominations through various government bodies that do official business with the citizens, such as the post office, the tax authority, or state owned banks. There is also a conspiracy theory against the Democratic Progressive Party
Democratic Progressive Party
The Democratic Progressive Party is a political party in Taiwan, and the dominant party in the Pan-Green Coalition. Founded in 1986, DPP is the first meaningful opposition party in Taiwan. It has traditionally been associated with strong advocacy of human rights and a distinct Taiwanese identity,...
, the ruling party at the time the two denominations were issued. The conspiracy states that putting Chiang Kai-shek
Chiang Kai-shek
Chiang Kai-shek was a political and military leader of 20th century China. He is known as Jiǎng Jièshí or Jiǎng Zhōngzhèng in Mandarin....
on a rarely used banknote would "practically" remove him from the currency, while "nominally" including him on the currency would not upset supporters on the other side of the political spectrum that much (the Pan-Blue Coalition
Pan-Blue Coalition
The Pan-Blue Coalition 泛藍聯盟 or Pan-Blue Force is a political alliance in the Republic of China , consisting of the Kuomintang , the People First Party , and the New Party . The name comes from the party colours of the Kuomintang...
).
| 1999 Series | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Image | Value | Dimensions | Main Color | Description | Date of | Remark | ||||
| Obverse | Reverse | Watermark | printing | issue | withdrawal | |||||
 |
NT$100 | 145 × 70 mm | Red | Sun Yat-sen Sun Yat-sen Sun Yat-sen was a Chinese doctor, revolutionary and political leader. As the foremost pioneer of Nationalist China, Sun is frequently referred to as the "Father of the Nation" , a view agreed upon by both the People's Republic of China and the Republic of China... , "The Chapter of Great Harmony" by Confucius Confucius Confucius , literally "Master Kong", was a Chinese thinker and social philosopher of the Spring and Autumn Period.... |
Chung-Shan Building Chung-Shan Building The Chung-Shan Building is part of the Sun Yat-sen Memorial Hall complex. Completed in 1966, the building is located in the Yangmingshan National Park in Taipei. The building is placed on the reverse of the 100 New Taiwan Dollar bill... |
Mei flower Ume Prunus mume, with the common names including Chinese plum and Japanese apricot, is an Asian tree species classified in the Armeniaca section of the genus Prunus. The flower, long a beloved subject in the traditional painting of East Asia, is usually translated as plum blossom. This distinct tree... and numeral 100 |
2000 (Minguo Minguo calendar The Republic of China calendar is the method of numbering years currently used in the Republic of China . It was used in mainland China from 1912 until the founding of the People's Republic of China in 1949.... 89) |
July 2, 2001 | ||
 |
NT$200 | 150 × 70 mm | Green | Chiang Kai-shek Chiang Kai-shek Chiang Kai-shek was a political and military leader of 20th century China. He is known as Jiǎng Jièshí or Jiǎng Zhōngzhèng in Mandarin.... , theme of land reform and public education |
The Office of the President Presidential Building (Taiwan) The Presidential Office Building houses the Office of the President of the Republic of China. The building, located in the Zhongzheng District in the national capital of Taipei, Republic of China, was designed by architect Uheiji Nagano during the period of Japanese rule of Taiwan . The structure... |
Orchid and numeral 200 | 2001 (Minguo year 90) |
January 2, 2002 | ||
| NT$500 | 155 × 70 mm | Brown | Youth baseball | Formosan Sika Deer Formosan Sika Deer The Formosa sika deer, , is a subspecies of sika deer endemic to the island of Taiwan. Formosan sika, like most of the terrestrial fauna and flora of Taiwan, arrived on the island during Pleistocene glacial periods when lower sea levels connected Taiwan to the Asian mainland.-Appearance and... and Dabajian Mountain Dabajian Mountain Dabajian Mountain is located in the northern section of the Shei-Pa National Park. It is surrounded by numerous other peaks, the most predominant including Mount Nanhuda, Mount Yize, Mt. Zhongyangjian, Mt. Pintian, and Mt. Mutule. It is also near the Madala River.- Terrain :The first half of... |
Bamboo Bamboo Bamboo is a group of perennial evergreens in the true grass family Poaceae, subfamily Bambusoideae, tribe Bambuseae. Giant bamboos are the largest members of the grass family.... and numeral 500 |
2000 (Minguo year 89) |
December 15, 2000 | August 1, 2007 | without holographic strip | |
 |
Dark brown | 2004 (Minguo Minguo calendar The Republic of China calendar is the method of numbering years currently used in the Republic of China . It was used in mainland China from 1912 until the founding of the People's Republic of China in 1949.... 93) |
July 20, 2005 | with holographic strip | ||||||
| NT$1000 | 160 × 70 mm | Blue | Elementary Education (errors) | Mikado Pheasant Mikado Pheasant The Mikado Pheasant, Syrmaticus mikado, is a gamebird in the pheasant family Phasianidae of the order Galliformes, gallinaceous birds.-Distribution and habitat:The Mikado Pheasant is endemic to mountainous regions of Taiwan... and Yushan (Jade Mountain) Jade Mountain Yushan in Taiwan is the highest mountain in East Asia and the fourth highest mountain on an island. In the past, Yushan was known among English-speaking expats and missionaries as Mt. Morrison, thought to have been named in honor of the 19th century missionary Robert Morrison... |
Chrysanthemum Chrysanthemum Chrysanthemums, often called mums or chrysanths, are of the genus constituting approximately 30 species of perennial flowering plants in the family Asteraceae which is native to Asia and northeastern Europe.-Etymology:... and numeral 1000 |
1999 (Minguo year 88) |
July 3, 2000 | August 1, 2007 | without holographic strip | |
 |
2004 (Minguo year 93) |
July 20, 2005 | with holographic strip | |||||||
 |
NT$2000 | 165 × 70 mm | Purple | FORMOSAT-1 FORMOSAT-1 FORMOSAT-1 is an Earth observation satellite operated by the National Space Organization of the Republic of China to conduct observations of the ionosphere and oceans... , technology |
Formosan landlocked salmon and Nanhu Mountain Nanhu Mountain Nanhu Mountain is a mountain in Taiwan with an elevation of 3,740 m . It is one of the highest mountains in Taiwan.... |
Pine Pine Pines are trees in the genus Pinus ,in the family Pinaceae. They make up the monotypic subfamily Pinoideae. There are about 115 species of pine, although different authorities accept between 105 and 125 species.-Etymology:... and numeral 2000 |
2001 (Minguo year 90) |
July 1, 2002 | ||
The year 2000 version $500 and 1999 version $1000 notes without holographic strip were officially taken out of circulation on August 1, 2007. They were redeemable at commercial banks until September 30, 2007. As of October 1, 2007, only the Bank of Taiwan
Bank of Taiwan
The Bank of Taiwan is a bank headquartered in Taipei, Republic of China . It is administered and owned by the Executive Yuan of the Republic of China.-History:...
accepts such notes.
Taiwan 100-dollar commemorative note
On 6 January 2011, the Central Bank of the Republic of China issued a new 100-dollar legal tender circulating commemorative in celebration of the 100th anniversary of the founding of the Republic of China.
The red paper note measures 145 × 70 mm and features a portrait of Dr. Sun Yat-Sen on the front, and the Chung-Shan Building on the back.
The design is no different from the ordinary NT$100 note, except for the wording in Chinese language in the reverse of the note, which reads: “Celebrating the 100 years of founding of the Republic of China.”
External links
SinoBanknote- Virginia Sheng, "Notes from a Small Island", Taipei Review, September 1, 2000
- The Taiwanese hyperinflation and stabilization of 1945 - 1952
- Banknotes of Matsu, Quemoy and Tachen
- Close up image of a circulated 50 NT coin
News
- Chuang Chi-ting, "Legislator pans new bank notes", Taipei TimesTaipei TimesThe Taipei Times is one of the three major English-language newspapers in the Republic of China the other two being the Taiwan News and The China Post...
, February 17, 2001 - New NT$500 and NT$1000 banknotes introduced, anti-counterfeit measures taken http://www.etaiwannews.com/Taiwan/Business/2005/07/20/1121823256.htm Taiwan News (online), July 20, 2005