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New Taiwan Dollar
The New Taiwan dollar (code: TWD; symbol: NT$, also abbreviated as NT), or simply the Taiwan dollar, is the official currency of the Republic of China (Taiwan). Usually, the $ sign precedes the amount, but NT$ is used to distinguish from other currencies named dollar. The New Taiwan dollar has been the currency of the island of Taiwan since 1949, when it replaced the old Taiwan dollar, at a rate of 40,000 old dollars per one new dollar. The base unit of the New Taiwan dollar is called a yuan (), subdivided into ten chiao () or 100 fen (), although in practice neither chiao nor fen are used. There are a variety of alternative names for the units in Taiwan. The unit of the dollar is typically informally written with the simpler equivalent character as , except when writing it for legal transactions such as at the bank, when it has to be written as the homophonous . Colloquially, the currency unit is called both (''yuán'', literally "circle") and (''kuài'', literally ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yuan (currency)
The yuan ( ; currency sign, sign: ¥; ; ) is the base unit of a number of former and present-day currency, currencies throughout Greater China, China. A ''yuan'' () is also known colloquially as a ''kuai'' (; originally a lump of silver). One ''yuan'' is divided into 10 ''jiao'' () or colloquially ''mao'' (). One ''jiao'' is divided into 10 ''fen'' (). Modern usage The term "yuan" usually refers to the primary unit of account of the renminbi (RMB), the currency of the People's Republic of China. RMB banknotes start at one Yuan and go up to 100 Yuan. It is also used as a synonym of that currency, especially in international contexts – the ISO 4217 standard code for renminbi is CNY, an abbreviation of "Chinese yuan". (A similar case is the use of the terms pound sterling, ''sterling'' to designate British currency and ''pound'' for the unit of account.) The symbol for the yuan (元) is also used in Chinese to refer to the currency units of Japan ''(Japanese yen, yen)'' and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Old Taiwan Dollar
The Old Taiwan dollar was in use from 1946 to 1949, beginning shortly after Taiwan's Retrocession Day, handover from Japan to the Republic of China (1912–1949), Republic of China. The currency was issued by the Bank of Taiwan. Hyperinflation prompted the introduction of the New Taiwan dollar in June 1949, shortly before the Retreat of the government of the Republic of China to Taiwan, Nationalist evacuation from mainland China in December. History Taiwan was under Taiwan under Japanese rule, Japanese rule from 1895 to 1945 and the colonial government of Taiwan issued Taiwanese yen during this period through the Bank of Taiwan. In 1945, after the Japanese Empire was defeated in World War II, Taiwan was handed over to the Republic of China (1912–1949), Republic of China (ROC). Within a year, the Nationalist government assumed control of the Bank of Taiwan and issued Taiwan dollars (also known as Taiwan Nationalist yuan or TWN) as a "provisional" replacement for the Taiwan yen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taiwanese Yen
The was the currency of Japanese Taiwan 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 in 1946, which in turn was replaced by the New Taiwan dollar in 1949. History In 1895, as a result of the First Sino-Japanese War, Qing China ceded Taiwan to Japan in the Treaty of Shimonoseki. The Japanese yen then became the currency of Taiwan, 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 the administration of Taiwan, took over the Bank of Taiwan within a year, and introduced the Old Taiwan dollar, 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 las ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manila-Acapulco Galleon Trade
The Manila galleon (; ) refers to the Spanish trading ships that linked the Philippines in the Spanish East Indies to Mexico (New Spain), across the Pacific Ocean. The ships made one or two round-trip voyages per year between the ports of Manila and Acapulco from the late 16th to early 19th century. The term "Manila galleon" can also refer to the trade route itself between Manila and Acapulco that was operational from 1565 to 1815. The Manila galleon trade route was inaugurated in 1565 after the Augustinian friar and navigator Andrés de Urdaneta pioneered the ''tornaviaje'' or return route from the Philippines to Mexico. Urdaneta and Alonso de Arellano made the first successful round trips that year, by taking advantage of the Kuroshio Current. The galleons set sail from Cavite, in Manila Bay, at the end of June or the first week of July, sailing through the northern Pacific and reaching Acapulco in March to April of the next calendar year. The return route from Acapulco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of The Philippines (1565–1898)
The history of the Philippines from 1565 to 1898 is known as the Spanish colonial period, during which the Philippine Islands were ruled as the Captaincy General of the Philippines within the Spanish East Indies, initially under the Viceroyalty of New Spain, based in Mexico City, until the independence of the Mexican Empire from Spain in 1821. This resulted in direct Spanish control during a period of governmental instability there. The first documented European contact with the Philippines was made in 1521 by Ferdinand Magellan in his circumnavigation expedition, during which he was killed in the Battle of Mactan. Forty-four years later, a Spanish expedition led by Miguel López de Legazpi left modern Mexico and began the Spanish conquest of the Philippines in the late 16th century. Legazpi's expedition arrived in the Philippines in 1565, a year after an earnest intent to colonize the country, which was during the reign of Philip II of Spain, whose name has remained a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spanish America
Spanish America refers to the Spanish territories in the Americas during the Spanish colonization of the Americas. The term "Spanish America" was specifically used during the territories' Spanish Empire, imperial era between 15th and 19th centuries. To the end of its imperial rule, Spain called its overseas possessions in the Americas and the Philippines "The Indies", an enduring remnant of Columbus's notion that he had reached Asia by sailing west. When these territories reach a high level of importance, the crown established the Council of the Indies in 1524, following the conquest of the Aztec Empire, asserting permanent royal control over its possessions. Regions with dense indigenous populations and sources of mineral wealth attracting Spanish settlers became colonial centers, while those without such resources were peripheral to crown interest. Once regions incorporated into the empire and their importance assessed, overseas possessions came under stronger or weaker crown co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spanish Dollar
The Spanish dollar, also known as the piece of eight (, , , or ), is a silver coin of approximately diameter worth eight Spanish reales. It was minted in the Spanish Empire following a monetary reform in 1497 with content fine silver. It was widely used as the first international currency because of its uniformity in standard and milling characteristics. Some countries countermarked the Spanish dollar so it could be used as their local currency. Because the Spanish dollar was widely used in Europe, the Americas, and the Far East, it became the first world currency by the 16th century. The Spanish dollar was the coin upon which the original United States dollar was based (at ), and it remained legal tender in the United States until the Coinage Act of 1857. Many other currencies around the world, such as the Japanese yen and the Chinese yuan, were initially based on the Spanish dollar and other 8-real coins. Most theories trace the origin of the "$" symbol, which origina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 third reserve currency after the US dollar and the euro. The New Currency Act of 1871 introduced Japan's modern currency system, with the yen defined as of gold, or of silver, and divided decimally into 100 ''sen'' or 1,000 ''rin''. The yen replaced the previous Tokugawa coinage as well as the various ''hansatsu'' paper currencies issued by feudal ''han'' (fiefs). The Bank of Japan was founded in 1882 and given a monopoly on controlling the money supply. Following World War II, the yen lost much of its pre-war value as Japan faced a debt crisis and hyperinflation. Under the Bretton Woods system, the yen was pegged to the US dollar alongside other major currencies. After this system was abandoned in 1971 with the Nixon shock, Nixon Shock, the short-lived Smithsonian Agreement temporarily reinstat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banknote
A banknote or bank notealso called a bill (North American English) or simply a noteis a type of paper money that is made and distributed ("issued") by a bank of issue, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to Redemption value, redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authority, monetary authorities. By extension, the word "banknote" is sometimes used (including by collectors) to refer more generally to paper money, but in a strict sense notes that have not been issued by banks, e.g. government notes, are not banknotes. National banknotes are often, but not always, legal tender, meaning that courts of law are required to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Taiwan
The Bank of Taiwan (BOT; ) is a commercial bank headquartered in Taipei, Taiwan. It was established in 1897-1899 as a Japanese policy institution or "special bank", similarly as the Nippon Kangyo Bank (est. 1897), Hokkaido Takushoku Bank (est. 1900), Industrial Bank of Japan (est. 1902), and Bank of Chōsen (est. 1909). Its aim was to finance industrial demand in Japanese-ruled Taiwan and also to promote trade between South China, Southeast Asia and the Japanese possessions in the Pacific. The Bank of Taiwan was the main issuer of banknotes on the island from 1899 to 1961, when that role was taken over by the Central Bank of China. Having lost its former role as a bank of issue, it remains owned by the Government of the Republic of China. History Japanese colonial bank The Bank of Taiwan's creation was authorized in 1897 by the Bank Act of Taiwan which also encouraged Japanese enterprises, such as the Mitsubishi and Mitsui Groups, to invest in Taiwan. It started opera ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Homophone
A homophone () is a word that is pronounced the same as another word but differs in meaning or in spelling. The two words may be spelled the same, for example ''rose'' (flower) and ''rose'' (past tense of "rise"), or spelled differently, as in ''rain'', ''reign'', and ''rein''. The term ''homophone'' sometimes applies to units longer or shorter than words, for example a phrase, letter, or groups of letters which are pronounced the same as a counterpart. Any unit with this property is said to be ''homophonous'' (). Homophones that are spelled the same are both homographs and homonyms. For example, the word ''read'', in "He is well ''read''" and in "Yesterday, I ''read'' that book". Homophones that are spelled differently are also called heterographs, e.g. ''to'', ''too'', and ''two''. Wordplay and games Homophones are often used to create puns and to deceive the reader (as in crossword puzzles) or to suggest multiple meanings. The last usage is common in poetry and creat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
