What is the issue of Taiwan NT time to start using it?
June 15, 1949 NT is Taiwan's legal tender, the English called the New Taiwan Dollar, the currency code for the TWD (or NT $).
The basic unit is the "circle", but it is generally written as "Element." 1 round = 10 angle = 100.
The issue of the coins include: the 5 Point, 1 yuan, 5 yuan, 10 yuan, 20 yuan and 50 yuan. The banknotes units are: 100 yuan, 200 yuan, 500 yuan, 1000 yuan and 2000 yuan.
Why Taiwan's currency called the NT?
NT, the KMT retreated to Taiwan after the legal tender
Taiwan's inflation in 1948, the period of 1 million banknotes issued by the former NT NT NT also known as the old, in the May 22, 1945, began publication. NT had been positioned as a kind of old transitional currency, the Japanese colonial government and the national government's NT NT one to one exchange. At that time, the financial situation of the post-war instability in China, Taiwan did not use the prevailing law in the Chinese mainland currency, gold yuan, an additional issue of NT.
On the reasons for issuing the official version of NT is due to the financial crisis in 1948, Shanghai, liable to have a substantial depreciation of the old NT dollar and result in rapidly rising price level.
But another reason on the issuance of the new version, that is because the so-called Taiwan's retrocession, the Kuomintang in Taiwan, some daily necessities, such as sugar, rice and the like, all loot to the Chinese mainland to carry out the so-called destruction of the Communists, resulting shortage of daily necessities within Taiwan, making the price of rice in Taiwan than in Shanghai or even the local price of rice is higher (when rice production in Taiwan, Shanghai is not), and therefore Taiwan's inflation, day three cities, rapid currency depreciation, even if there is Money may not buy rice.
In the June 15, 1949 Taiwan's formal issuance of the new, clearly stipulates that 40000 old Taiwan dollars 1 per NT dollar as legal tender in the Republic of China today. Also in response to Kinmen and Matsu, Dachen Island field of special needs, has also been issued in these areas limit the flow of NT Kinmen, Matsu, large Chen Coupons, now it has been canceled.
NT published in 2000, before the 1000 round are in accordance with "commissioned by the Central Bank of Taiwan Bank of Taiwan in the issuance of the new approach", commissioned by the Central Bank of Taiwan issue, printed on "Taiwan bank", the legal status of cf national currency. 2000, promulgated the "central bank issuance of the new approach", repealed, "commissioned by the Central Bank of Taiwan Bank of Taiwan in the issuance of the new measures" will be officially set at NT Dollar. National currency according to the "Central Bank Law" issued by the central bank, Bank of Taiwan to stop commissioned, the printed word is correct as "Central." At that time, some people questioned whether this was done, "the ROC on Taiwan as a sovereign independent state" of the claim, a formal response to the government: since July 1, 1968 the Central Bank in Taiwan from the complex industry, NT distribution unit Fading shall Zhong Yang Bank, Bank of Taiwan is entrusted with the unit, printed on "Taiwan's banks" for the long misunderstanding.
And 1000 yuan and 500 yuan will be held July 20, 2005 re-revision, increase was only 2000 yuan foil only the lighting changes, changes in the security line foil membrane to lighting safety line. 500 of the brush color becomes deeper.
How to Tell NT?
(A) "look": watermark, hidden characters;
(B) "to touch": gravure image areas can be felt protruding paper;
(C) "a turn": Note the color ink and foil membrane changes in light and shadow.
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