1915

1954 Taiwan 1 Cent Banknote Grades Gem+ CU

Currency:USD Category:Coins & Paper Money Start Price:1.00 USD Estimated At:25.00 - 100.00 USD
1954 Taiwan 1 Cent Banknote Grades Gem+ CU
1954 Taiwan 1 Cent Banknote Grades Gem+ CU. The Bank of Taiwan first issued the New Taiwan dollar on 15 June 1949 to replace the Old Taiwan dollar, which was in use from 1946 to 1949 following Japan's handover of Taiwan to China, at a ratio of 40,000 to one. The first goal of the New Taiwan dollar was to end the hyperinflation that had plagued Nationalist China due to the Chinese Civil War.