See also New Taiwan dollar
The Taiwanese yen (圓) was the currency of Taiwan from 1895 to 1946. It was on a par with and circulated alongside the Japanese yen. The yen was subdivided into 100 sen (錢). It was replaced by the Old Taiwan dollar in use from 1946 to 1949.
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.
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.
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 denomination fixed to forms called tokubetsu yubin kitte daishi ("special postage stamp cards").
Currencies of Qing Dynasty
Reason: Taiwan ceded to Empire of Japan
|Currency of Taiwan of Empire of Japan
1899 – 1946
Note: introduced at 1 Taiwanese yen = 1 Japanese yen
Old Taiwan dollar
Reason: Administration of Taiwan transferred to Republic of China
Ratio: at par