The was the

currency A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general ...

Japanese Taiwan The island of Taiwan, together with the Penghu Islands, became a dependency of Japan in 1895, when the Qing dynasty ceded Fujian-Taiwan Province in the Treaty of Shimonoseki after the Japanese victory in the First Sino-Japanese War. The shor ...

from 1895 to 1946. It was on a par with and circulated alongside the Japanese yen. The yen was subdivided into 100 . It was replaced by the

Old Taiwan dollar The Old Taiwan dollar was in use from 1946 to 1949, beginning shortly after Taiwan's handover from Japan to the Republic of China. The currency was issued by the Bank of Taiwan. Hyperinflation prompted the introduction of the New Taiwan dollar ...

in 1946, which in turn was replaced by the

New Taiwan dollar The New Taiwan dollar ( code: TWD; symbol: NT$, also abbreviated as NT) is the official currency of Taiwan. The New Taiwan dollar has been the currency of Taiwan since 1949, when it replaced the Old Taiwan dollar, at a rate of 40,000 old dol ...

in 1949.

History

CHI-TAI-1911-Bank of Taiwan-1 Gold Yen (1904)

In 1895, as a result of the

First Sino-Japanese War The First Sino-Japanese War (25 July 1894 – 17 April 1895) was a conflict between China and Japan primarily over influence in Korea. After more than six months of unbroken successes by Japanese land and naval forces and the loss of the ...

, Qing China ceded Taiwan to Japan in the

Treaty of Shimonoseki The , also known as the Treaty of Maguan () in China and in the period before and during World War II in Japan, was a treaty signed at the , Shimonoseki, Japan on April 17, 1895, between the Empire of Japan and Qing China, ending the Firs ...

. The Japanese yen then became the currency of Taiwan, with distinct banknotes denominated in yen issued by the

Bank of Taiwan The Bank of Taiwan (BOT, , see below) is a commercial bank headquartered in Taipei, Taiwan. It is owned by the government of Taiwan. History The Bank of Taiwan was established as Taiwan's central bank in 1899, during Japanese rule. ...

from 1898. Only banknotes and stamp currency were issued. In 1945, after Japan was defeated in

World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing ...

, the Republic of China assumed the administration of Taiwan, took over the Bank of Taiwan within a year, and introduced the

, which replaced the yen at par.

Banknotes

Taiwan (Japanese Colony) 1932 bank note - 10 yen (front)

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 A postage stamp is a small piece of paper issued by a post office, postal administration, or other authorized vendors to customers who pay postage (the cost involved in moving, insuring, or registering mail), who then affix the stamp to the f ...

of the appropriate denomination fixed to forms called ''tokubetsu yubin kitte daishi'' ("special postage stamp cards").

References

External links

Sinobanknote
{{Currency units of China Modern obsolete currencies Currencies of Asia Currencies of Taiwan Taiwan under Japanese rule 1895 establishments in Taiwan 1946 disestablishments

History

Banknotes

Stamp currency

See also

References

External links