Connection With US Dollar
Originally, a silver yuan had the same specifications as a silver dollar. During the Republican era (1911–1949), the English transliteration "yuan" was often printed on the reverse of the first yuan banknotes but sometimes "dollar" was used instead.
In the Republic of China, the common English name is the "New Taiwan dollar" but banknotes issued between 1949 and 1956 used "yuan" as the English transliteration. More modern notes lack any English text.
Read more about this topic: Chinese Yuan
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