100 Taiwan Dollars: Understanding the Value and Uses
The 100 Taiwan dollars (TWD) is a denomination of Taiwanese currency that holds significant value in the country's economy. In this article, we will delve into the history, design, and uses of the 100 TWD banknote, as well as its equivalent value in other currencies.
History of the 100 TWD Banknote
The 100 TWD banknote was first introduced in 1976, replacing the old 100-dollar banknote that featured a portrait of Sun Yat-sen, the founding father of modern China. The new design featured a portrait of Chiang Kai-shek, the former leader of Taiwan, on the obverse side and the Presidential Office Building on the reverse side.
Design and Security Features
The current design of the 100 TWD banknote features a portrait of Chiang Kai-shek on the obverse side, with a color-shifting security thread and a watermark of Chiang's portrait. The reverse side features an image of the Presidential Office Building in Taipei.
The banknote has several security features, including:
- Color-shifting security thread: When tilted, the thread changes color from pink to green.
- Watermark: A translucent image of Chiang Kai-shek's portrait can be seen when held against the light.
- Microprinting: Tiny text is printed in the background of the banknote, which can only be seen under a magnifying glass.
- Hologram: A holographic stripe on the reverse side changes colors when tilted.
Uses and Equivalent Value
The 100 TWD banknote is widely accepted in Taiwan and is commonly used for everyday transactions, such as:
- Shopping: Many shops and markets accept the 100 TWD banknote, making it a convenient denomination for daily purchases.
- Transportation: The 100 TWD banknote can be used to pay for bus and train fares, as well as taxi rides.
- Dining: Many restaurants and cafes accept the 100 TWD banknote, making it a popular denomination for dining out.
As of the current exchange rate, 100 TWD is equivalent to approximately:
- 3.33 USD (United States dollars)
- 2.85 EUR (Euros)
- 2.45 GBP (British pounds)
- 4.35 CNY (Chinese yuan)
Conclusion
The 100 Taiwan dollars banknote is an integral part of Taiwan's economy and daily life. With its rich history, advanced security features, and widespread acceptance, it remains a popular denomination among locals and tourists alike. Whether you're shopping, dining, or traveling in Taiwan, the 100 TWD banknote is a convenient and widely accepted form of currency.
