Taiwan yen
From Wikipedia, the free encyclopedia
The yen is a former Taiwanese unit of currency, which was on a par with the Japanese yen. The Taiwan Yen was used from 1899 to 1946.
[edit] History
Taiwan was mostly populated by Taiwanese aborigines until the 1600s when Chinese settlement began to appear in present day Tainan. From 1624 to 1662, Taiwan was colonized by the Dutch East India Company. Little is known about the currency used then.
Taiwan was incorporated into the Qing Empire in 1683 as a prefecture of Fujian province. During this time, Chinese Taels (CNT) were used as the currency. Shortly after 1895, when China ceded Taiwan to Japan in the Treaty of Shimonoseki as a result of Sino-Japanese War (1894-1895), the Japanese issued Taiwan yen (TWY) banknotes through the Bank of Taiwan, which was established in 1889, at par with the Japanese yen. The yen was divisible into 100 sen (錢).
In 1945, after Japan was defeated in World War II, the Republic of China assumed administration of Taiwan, took over Bank of Taiwan within a year and issued Taiwan dollars (also known as Taiwan Nationalist yuan or TWN), which replaced the Japanese Taiwan yen at an exchange rate of one to one.
[edit] See also
[edit] External links
| Preceded by: Chinese currencies Reason: Taiwan ceded to Japan |
Currency of Taiwan 1899 – 1945 Note: introduced at 1 Taiwanese yen = 1 Japanese yen |
Currency of Province of Taiwan of the Republic of China October 25, 1945 – June 15, 1946 |
Succeeded by: Old Taiwan dollar Reason: Administration of Taiwan transferred to Republic of China Ratio: at par |
