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Description Bearer's check of 1,000,000 Old Taiwan dollars issued by Bank of Taiwan. In the earlier years of KMT rule, Taiwan suffered from severe inflation due to the corruption of Nationalist ROC government. The currency deflated so fast that the ruling government had to issue currency with denominations on the order of 1 million dollars. Authorities would later issue the New Taiwan Dollar to replace the deflated Taiwan Dollar in an exchange rate of one to four million.
Español: Billete de un millón de yuanes de 1949. La incapacidad para atajar la hiperinflación fue una de las causas del desprestigio del gobierno de la República de China
Date 23 November 2004(2004-11-23) (Original upload log)
Source http://www.sinobanknote.com/twd/banknote/TaiwanP1961-1M-Yuan-(1948)_a.jpg
Author www.sinobanknote.com Mababa (original uploader)

Public domain This work has been released into the public domain by its author, www.sinobanknote.com. This applies worldwide.
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Mime type image/jpeg
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