100 Taiwan Dollar: Understanding the Currency of Taiwan
The 100 Taiwan Dollar is the official currency of Taiwan, also known as the New Taiwan Dollar (NTD). It is issued by the Central Bank of the Republic of China (Taiwan) and is subdivided into 100 cents.
History of the Taiwan Dollar
The Taiwan Dollar has a rich history that dates back to 1895 when Taiwan was under Japanese rule. During this period, the Japanese yen was introduced as the official currency of Taiwan. After World War II, the Republic of China took control of Taiwan and introduced the Old Taiwan Dollar in 1946.
However, due to hyperinflation, the Old Taiwan Dollar became worthless, and in 1949, the New Taiwan Dollar (NTD) was introduced to replace it. The NTD was pegged to the US dollar at an exchange rate of 1:1.
Design and Security Features
The 100 Taiwan Dollar banknote features a portrait of Sun Yat-sen, the founder of the Republic of China, on the obverse side. The reverse side features an image of the Chung-Shan Building, which is located in Yangmingshan, Taipei.
The banknote has several security features to prevent counterfeiting, including:
Watermark
A watermark of Sun Yat-sen's portrait is embedded in the paper.
Hologram Strip
A hologram strip is embedded in the paper, which displays a 3D image of Sun Yat-sen's portrait.
Micro-printing
Micro-printed text is used in various parts of the banknote, including the numeral "100" and the words "CENTRAL BANK OF THE REPUBLIC OF CHINA".
Color-Shifting Ink
The numeral "100" on the reverse side of the banknote changes color when tilted.
Exchange Rate
The exchange rate of the 100 Taiwan Dollar fluctuates depending on market conditions. As of [current date], the exchange rate is approximately:
- 1 USD = 30.5 NTD
- 1 EUR = 36.5 NTD
- 1 CNY = 4.7 NTD
Conclusion
The 100 Taiwan Dollar is an important part of Taiwan's economy and culture. Its history, design, and security features make it a unique and fascinating currency. Whether you're a collector or a traveler, understanding the 100 Taiwan Dollar is essential for anyone interested in Taiwan.
