Virtual currency issued by Taiwan institutions

China's regulatory authorities have stopped the issuance and trading of virtual currency, and China's policy does not allow the issuance of any virtual currency

Taiwan uses new Taiwan dollars

New Taiwan dollar (currency code: TWD; Currency symbol: NT $) is a set of legal tender issued by the Central Bank of Taiwan, China. It has been issued and circulated since June 15, 1949. Its basic unit is yuan

New Taiwan dollar coin units include: 5 cents, 1 yuan, 5 yuan, 10 yuan, 20 yuan and 50 yuan. The paper money units are: 100 yuan, 200 yuan, 500 yuan, 1000 yuan and 2000 yuan. The circulation of 50 cents is small, in fact, it is less used, so usually the minimum unit of cash transaction is 1 yuan

for example, a stamp of 3.5 yuan is sold for 4 yuan (but of course, two stamps are only sold for 7 yuan); Deposit interest is also rounded to one yuan. However, if necessary, it can also be used as a medium of transaction, but it is limited to 100 pieces at a time

extended materials

the development history of the Taiwan Dollar:

the predecessor of the Taiwan dollar was the old Taiwan dollar, which was issued and circulated on June 15, 1949. The new Taiwan dollar is relative to the old Taiwan dollar, and now the Taiwan dollar refers to the new Taiwan dollar. The old Taiwan dollar was discontinued in the 1950s

in 1992, the original "silver dollar and silver dollar exchange certificate issuance method" was abolished, as the source of the national currency silver dollar issuance law. As the national currency is issued by the central bank in accordance with the provisions of the central bank law, the "measures for the central bank to issue new Taiwan dollars" was promulgated on July 1, 2000, which stopped entrusting the Bank of Taiwan to issue new Taiwan dollars and officially designated New Taiwan dollars as the "National currency of the Republic of China"

The authenticity depends on the back of the coin and the face value of the map of Taiwan Province. In Taiwan Province, you can see the concave shadow of Sun Yat Sen's head. You can see the concave shadow of two dimes of aluminum coin and five dimes of silver coin. If you don't have it, it's fake. These two varieties are more expensive, and there's a possibility of counterfeiting. The others are not very expensive, and generally there won't be counterfeiting. I also like to collect map currency of Taiwan Province and share a set of map currency

In 1948, Taiwan issued 1 million banknotes ring the period of inflation. The predecessor of the new Taiwan dollar, also known as the old Taiwan dollar, was issued on May 22, 1945. At the beginning, the old Taiwan dollar was defined as a kind of transitional currency. The Taiwan dollar of the Japanese government was exchanged with the Taiwan dollar of the national government one to one. Since the postwar financial situation in Chinese mainland was unstable, Taiwan did not use the legal currency and gold certificates issued in Chinese mainland at that time, and the Taiwan issue was issued again. The official explanation for the issue of the new Taiwan dollar is that the financial crisis broke out in Shanghai in 1948, which led to the sharp rise of Taiwan's price level
however, another version of the reasons for issuing the new Taiwan dollar points out that in the early days of the so-called recovery of Taiwan, the KMT collected some livelihood materials in Taiwan, such as sugar and rice, to the mainland of China for the so-called suppression of the Communist Party. As a result, there was a shortage of livelihood materials in Taiwan, and the price of rice in Taiwan was even higher than that in Shanghai, As a result, Taiwan's inflation, three markets a day, and the rapid devaluation of the currency, even if the rich may not be able to buy rice. Before the issue of NT $1000 in 2000, the central bank entrusted the Bank of Taiwan to issue new Taiwan dollars in accordance with the "measures for the central bank to entrust the Bank of Taiwan to issue new Taiwan dollars in Taiwan". The central bank entrusted the Bank of Taiwan to issue new Taiwan dollars with the words "Bank of Taiwan" printed on it, and the legal status of the new Taiwan dollar was compared with that of the national currency. In 2000, the "measures for the central bank to issue new Taiwan dollars" was promulgated, the "measures for the central bank to entrust the Bank of Taiwan to issue new Taiwan dollars" was abolished, and the new Taiwan dollar was officially designated as "national currency". The national currency is issued by the central bank in accordance with the "central bank law". The entrustment of the Bank of Taiwan to the national currency is stopped, and the words printed on the national currency are changed to "central bank". At that time, some people questioned whether the move was an extension of the proposition that "the Republic of China is a sovereign and independent country in Taiwan". The official response of the authorities was that since the central bank resumed business in Taiwan on July 1, 1968, the issuing unit of the new Taiwan dollar was legally the central bank, while the Bank of Taiwan was only the entrusted unit, and the printing of "Bank of Taiwan" was a long-term misunderstanding
on July 20, 2005, the version of 1000 yuan and 500 yuan was revised again, adding the light and shadow change foil film, which was originally only available for 2000 yuan, and the safety line was changed to light and shadow change foil film safety line. The 500 yuan brush gets deeper