Fifth series of the new Taiwan dollar banknote
The fifth series of the new Taiwan dollar banknotes is the current and latest series to be issued for circulation in the Republic of China (ROC). It was first introduced by the Central Bank of China on July 3, 2000.
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 statutes in ROC law have fines and fees denominated in this currency.
Along with the introduction of this series of banknotes, the New Taiwan dollar became the official currency of the ROC and is no longer secondary to the silver yuan. For the first time, the Central Bank of China began the issuing authority of the banknotes directly, rather than the Bank of Taiwan. The series also ends a four-decade tradition of including Chiang Kai-shek in most of the banknotes of higher denominations except for the NT$200 issue, opting for the more "modern" themes.
Two new denominations were issued in the series, the NT$200 and NT$2,000. The NT$100 and NT$200 banknotes features national figures and buildings, while the other denominations present more general national themes and natural habitats in Taiwan. The groups of people depicted on themes of the NT$500 and NT$1,000 banknotes are real personalities taken by photographers.
Several new security features have been incorporated into this series. Microprinting, windowed security thread, perfect registration and lithographic print have been included. The NT$2,000 was initially the only banknote to feature a holographic strip, being the highest denomination banknote in public circulation. This feature has since been extended to NT$500 and NT$1,000 banknotes.
Banknotes in general circulation
The obverse of the banknote features the first president of the ROC Sun Yat-sen, with the verses of "The Chapter of Great Harmony" by Confucius in the background. The reverse shows the Chung-Shan Building. It was first issued on July 2, 2001 for general circulation.
The obverse of the banknote features the Generalissimo and Chairman of the Nationalist Government of the ROC Chiang Kai-shek, with his Land Reform Policy and Public Education in the background. The reverse shows the Presidential Office Building in Taipei.
The NT$200 banknote was first issued on January 2, 2002 for general circulation. De facto this banknote does not appear common to the public, possibly due to Chiang's unpopularity with DPP lawmakers at the time its introduction and the unfamiliarity with this new denomination.
The obverse of the banknote features youth baseballers, known for their achievements as 17 times champion in the Little League World Series. The reverse of the banknote features the sika deer and Dabajian Mountain.
First introduced on December 15, 2000 for general circulation, the Central Bank of China relaunched the banknote with a holographic stripe and a darker color due to counterfeiting concerns and possible confusion with the NT$100 banknote. NT$500 banknotes without the holographic stripe have been recalled and withdrawn from use on August 1, 2007. As of October 1, 2007, only the Bank of Taiwan (now the Central Bank of the Republic of China) accepts such notes.
The obverse of the banknote features four children studying around a globe, symbolizing education. It is nicknamed 小朋友, "little children" (literally young kids) by the general public. The reverse of the banknote features the Mikado pheasant and Jade Mountain.
First introduced on July 3, 2000, the banknote was found to have contained several factual discrepancies that was subject to criticism. The globe that the children were surrounding appears to be a mirror image, possibly resulting from an invert error. The background shows a 45 degree angle labeled as 60 degrees.
Accordingly, the Central Bank of China relaunched the banknote with a holographic strip with the two errors rectified and the globe now rotated to the 140th meridian east on July 20, 2005. NT$1,000 banknotes without the holographic stripe have been recalled and withdrawn from use on August 1, 2007. As of October 1, 2007, only the Bank of Taiwan (now the Central Bank of the Republic of China) accepts such notes.
First introduced on July 1, 2002, de facto this banknote does not appear common to the public possibly due to its new denomination and fears of losses through receiving a large-value counterfeit banknote.
|Image||Value||Dimensions||Main Color||Description||Date of||Remark|
|$100||145 × 70 mm||Red||Sun Yat-sen, "The Chapter of Great Harmony" by Confucius||Chung-Shan Building||Mei flower and numeral 100||2000
|July 2, 2001|
|$200||150 × 70 mm||Green||Chiang Kai-shek, theme of land reform and public education||The Office of the President||Orchid and numeral 200||2001
(Minguo year 90)
|January 2, 2002|
|$500||155 × 70 mm||Brown||Youth baseball||Sika deer and Dabajian Mountain||Bamboo and numeral 500||2000
(Minguo year 89)
|December 15, 2000||August 1, 2007||without holographic stripe|
|July 20, 2005||with holographic stripe|
|$1000||160 × 70 mm||Blue||Elementary education||Mikado pheasant and Jade Mountain||Chrysanthemum and numeral 1000||1999
(Minguo year 88)
|July 3, 2000||August 1, 2007||without holographic stripe|
(Minguo year 93)
|July 20, 2005||with holographic stripe|
|$2000||165 × 70 mm||Purple||FORMOSAT-1, technology||Formosan landlocked salmon and Nanhu Mountain||Pine and numeral 2000||2001
(Minguo year 90)
|July 1, 2002|
|These images are to scale at 0.7 pixels per millimeter.|
Notes and references
- Bank notes get makeover with modern flair, Brian Cheng, Government Information Office, July 14, 2000
- Taiwan ends currency tradition, BBC News, July 3, 2000
- Notes From a Small Island, Virginia Sheng, Government Information Office, September 1, 2000
- Pony-tail girl on banknote is now a university student, 楊惠琪, United Daily News, January 29, 2007
- Moment of glory immortalized on the NT$500 banknote, 鄭光隆 and 羅紹平, United Daily News, 29 January 2007
- Nan Wang Elementary Principal : Everytime I see the NT$1,000 banknote, I think of them, 羅紹平, United Daily News, January 29, 2007
- Legislator pans new bank notes, Chuang Chi-ting, Taipei Times, February 17, 2001
- 劉姿麟、蔣紀威 (2007-07-31). 8/1新制∕健保費漲價 金融機構舊鈔換新鈔延至9月底 (in Chinese). ETToday. Retrieved 2007-08-20.
- Commons:Category:Taiwan $1000 banknote 1999 edition
- １９９９年版台幣千元鈔地球儀印相反 Taiwan's 1999 $1000 bill globe reversed, Dan Jidanni Jacobson, retrieved April 14, 2013