Banknotes
The current series of banknotes for the New Taiwan Dollar began circulation in July 2000. This set was introduced when the New Taiwan Dollar succeeded the silver yuan as the official currency within the Republic of China.
The current set includes banknotes for NT$100, NT$200, NT$500, NT$1000, and NT$2000. Note that the NT$200 and NT$2000 banknotes are not commonly used by consumers. This may be due to the tendencies of consumers to simply use multiple NT$100 or NT$500 bills to cover the range of the NT$200, as well as using NT$1000 bills or credit/debit cards instead of the NT$2000 bill. Lack of government promotion may also be a contributing factor to the general lack of usage.
It is relatively easy for the government to disseminate these denominations through various government bodies that do official business with the citizens, such as the post office, the tax authority, or state owned banks. There is also a conspiracy theory against the Democratic Progressive Party, the ruling party at the time the two denominations were issued. The conspiracy states that putting Chiang Kai-shek on a rarely used banknote would "practically" remove him from the currency, while "nominally" including him on the currency would not upset supporters on the other side of the political spectrum that much (the Pan-Blue Coalition).
| 1999 Series | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Image | Value | Dimensions | Main Color | Description | Date of | Remark | ||||
| Obverse | Reverse | Watermark | printing | issue | withdrawal | |||||
| NT$100 | 145 × 70 mm | Red | Sun Yat-sen, "The Chapter of Great Harmony" by Confucius | Chung-Shan Building | Mei flower and numeral 100 | 2000 (Minguo 89) |
July 2, 2001 | |||
| NT$200 | 150 × 70 mm | Green | Chiang Kai-shek, theme of land reform and public education | The Office of the President | Orchid and numeral 200 | 2001 (Minguo year 90) |
January 2, 2002 | |||
| NT$500 | 155 × 70 mm | Brown | Youth baseball | Formosan Sika Deer and Dabajian Mountain | Bamboo and numeral 500 | 2000 (Minguo year 89) |
December 15, 2000 | August 1, 2007 | without holographic strip | |
| Dark brown | 2004 (Minguo 93) |
July 20, 2005 | with holographic strip | |||||||
| NT$1000 | 160 × 70 mm | Blue | Elementary Education (errors) | Mikado Pheasant and Yushan (Jade Mountain) | Chrysanthemum and numeral 1000 | 1999 (Minguo year 88) |
July 3, 2000 | August 1, 2007 | without holographic strip | |
| 2004 (Minguo year 93) |
July 20, 2005 | with holographic strip | ||||||||
| NT$2000 | 165 × 70 mm | Purple | FORMOSAT-1, technology | Formosan landlocked salmon and Nanhu Mountain | Pine and numeral 2000 | 2001 (Minguo year 90) |
July 1, 2002 | |||
The year 2000 version $500 and 1999 version $1000 notes without holographic strip were officially taken out of circulation on August 1, 2007. They were redeemable at commercial banks until September 30, 2007. As of October 1, 2007, only the Bank of Taiwan accepts such notes.
Read more about this topic: New Taiwan Dollar