The Old Taiwan dollar was in use from 1946 to 1949, beginning shortly after Taiwan's handover from Japan to the Republic of China. The currency was issued by the Bank of Taiwan. Hyperinflation prompte
Bearer's check of 1,000,000 Taiwan Dollars (TW$1,000,000) issued by the Bank of Taiwan. Hyperinflation led authorities to issue bearer's checks denominated at one million dollars in 1948.
Chief Executive of Taiwan Province Chen Yi (right) accepting the receipt of Chen's Order No. 1 signed by Rikichi Andō (left), the last Japanese Governor-General of Taiwan, on behalf of the Republic of China Armed Forces at Taipei City Hall