The yen (圓) was the currency of Taiwan, between 1895 and 1946. It was on a par with and circulated alongside the Japanese yen. The yen was subdivided into 100 sen (錢).
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In 1895, as a result of the Sino-Japanese War (1894-1895), China ceded Taiwan to Japan in the Treaty of Shimonoseki. The Japanese yen became the currency of the island, 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 administration of Taiwan, took over Bank of Taiwan within a year and introduced the Taiwanese yuan 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").
| Preceded by: 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 |
Succeeded by: Old Taiwan dollar Reason: Administration of Taiwan transferred to Republic of China Ratio: at par |