The was the

currency A currency 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 definition is that a currency is a ''system of money'' in common use within a specific envi ...

Japanese Taiwan The island of Taiwan, together with the Penghu Islands, became an annexed territory of the Empire of Japan in 1895, when the Qing dynasty ceded Fujian-Taiwan Province in the Treaty of Shimonoseki after the Japanese victory in the First Sin ...

from 1895 to 1946. It was on a par with and circulated alongside the

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. Th ...

. 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 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 p ...

in 1946, which in turn was replaced by the

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 othe ...

in 1949.

History

In 1895, as a result of the

First Sino-Japanese War The First Sino-Japanese War (25 July 189417 April 1895), or the First China–Japan War, was a conflict between the Qing dynasty of China and the Empire of Japan primarily over influence in Joseon, Korea. In Chinese it is commonly known as th ...

Qing China The Qing dynasty ( ), officially the Great Qing, was a Manchu-led imperial dynasty of China and an early modern empire in East Asia. The last imperial dynasty in Chinese history, the Qing dynasty was preceded by the Ming dynasty ...

ceded Taiwan to Japan in the

Treaty of Shimonoseki The , also known as the Treaty of Maguan () in China or the in Japan, was signed at the hotel in Shimonoseki, Japan, on April 17, 1895, between the Empire of Japan and Qing China. It was a treaty that ended the First Sino-Japanese War, ...

. 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; ) 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. ...

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 (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the wo ...

, the

Republic of China Taiwan, officially the Republic of China (ROC), is a country in East Asia. The main geography of Taiwan, island of Taiwan, also known as ''Formosa'', lies between the East China Sea, East and South China Seas in the northwestern Pacific Ocea ...

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

, 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 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). Then the stamp is affixed to the ...

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