⁄100 sen (錢) Date of withdrawal 1946 User(s) Taiwan | Date of introduction 1895 Replaced by Old Taiwan dollar Central bank Bank of Taiwan | |
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The Taiwanese yen (Japanese: 圓, Hepburn: en) was the currency of Japanese 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 1946, which in turn was replaced by the New Taiwan dollar in 1949.
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History
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.
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 of the appropriate denomination fixed to forms called tokubetsu yubin kitte daishi ("special postage stamp cards").