Taiwan yen
Encyclopedia
The yen was the currency
of Taiwan
, between 1895 and 1946. It was on a par with and circulated alongside the Japanese yen
. The yen was subdivided into 100 sen (錢).
. The Japanese yen became the currency of the island, with distinct banknotes denominated in yen issued by the Bank of Taiwan
from 1898. Only banknotes and stamp currency were issued.
In 1945, after Japan was defeated in World War II
, the Republic of China
assumed administration of Taiwan, took over Bank of Taiwan within a year and introduced the Taiwanese yuan
which replaced the yen at par.
fixed to forms called tokubetsu yubin kitte daishi ("special postage stamp cards").
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 Taiwan
Taiwan
Taiwan , also known, especially in the past, as Formosa , is the largest island of the same-named island group of East Asia in the western Pacific Ocean and located off the southeastern coast of mainland China. The island forms over 99% of the current territory of the Republic of China following...
, between 1895 and 1946. It was on a par with and circulated alongside the Japanese yen
Japanese yen
The is the official currency of Japan. It is the third most traded currency in the foreign exchange market after the United States dollar and the euro. It is also widely used as a reserve currency after the U.S. dollar, the euro and the pound sterling...
. The yen was subdivided into 100 sen (錢).
History
In 1895, as a result of the Sino-Japanese War (1894-1895), China ceded Taiwan to Japan in the Treaty of ShimonosekiTreaty of Shimonoseki
The Treaty of Shimonoseki , known as the Treaty of Maguan in China, was signed at the Shunpanrō hall on April 17, 1895, between the Empire of Japan and Qing Empire of China, ending the First Sino-Japanese War. The peace conference took place from March 20 to April 17, 1895...
. The Japanese yen became the currency of the island, with distinct banknotes denominated in yen 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:...
from 1898. Only banknotes and stamp currency were issued.
In 1945, after Japan was defeated in World War II
World War II
World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...
, the Republic of China
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...
assumed administration of Taiwan, took over Bank of Taiwan within a year and introduced the Taiwanese yuan
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:...
which replaced the yen at par.
Banknotes
In 1899, the Bank of Taiwan introduced 1 and 5 yen notes, followed by 50 yen notes in 1900 and 10 yen in 1901. 100 yen notes were introduced in 1937 and 1000 yen in 1945. The last notes issued were dated 1945.Stamp currency
In 1917, stamp currency was issued in denominations of 5, 10, 20, and 50 sen. 1, 3 and 5 sen stamp currency was issued in 1918. These issues consisted of postage stamps of the appropriate denominationDenomination (postage stamp)
:This article deals with the price of a postage stamp. For other meanings of the word 'denomination' see Denomination .In philately, the denomination is the "inscribed value of a stamp"...
fixed to forms called tokubetsu yubin kitte daishi ("special postage stamp cards").
See also
- TaelTaelTael can refer to any one of several weight measures of the Far East. Most commonly, it refers to the Chinese tael, a part of the Chinese system of weights and currency....
- Chinese currencyChinese currencyThe Renminbi is the official currency of the People's Republic of China . It is the legal tender in mainland China, but not in Hong Kong and Macau. It is abbreviated as RMB, and the units for the Renminbi are the Yuan , Jiao , and Fen : 1 Yuan = 10 Jiao = 100 Fen. Fen have almost disappeared, so...
- YuanChinese yuanThe 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...
- Old Taiwan dollarOld Taiwan dollarThe 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:...
- History of TaiwanHistory of TaiwanTaiwan was first populated by Negrito, and then Austronesian people. It was colonized by the Dutch in the 17th century, followed by an influx of Han Chinese including Hakka immigrants from areas of Fujian and Guangdong of mainland China, across the Taiwan Strait...
- History of the Republic of ChinaHistory of the Republic of ChinaThe History of the Republic of China begins after the Qing Dynasty in 1912, when the formation of the Republic of China put an end to over two thousand years of Imperial rule. The Qing Dynasty, also known as the Manchu Dynasty, ruled from 1644 to 1912...