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50th Anniversary for the Issuance of New Taiwan Dollars Commemorative Issue

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Stamp SN B271
Stamp Name 50th Anniversary for the Issuance of New Taiwan Dollars Commemorative Issue
Stamp Cat Standard Commemorative Stamps
Stamp Cat Money
Issue date 1999-06-15
Suspersion date
Dimension of stamps(mm.) 40 x 30(mm)
Size of souvenir Sheet (mm.)
Printer China Engraving & Printing Works, R.O.C.
Drawer
Designer Yeh Kuo Sung
Photographer
Engraver
Creative Director
Sheet composition 20 (5x4)
Print color Colorful
Process Deep etch offset
Paper Phosphorescent stamp paper
Back
Perforation 11 1/2


Currency is the medium for economic exchange, a unit used to calculate value and an index of a nation's strength and purchasing power. It is closely connected to everything from an individual's daily life to the economic development of a country. This year, 1999, is the 50th anniversary of the New Taiwan Dollars. To celebrate the successful replacement of the old Taiwan dollar with the new Taiwan dollar and its great contribution to the Taiwan economic miracle, the Directorate is issuing a set of two stamps to commemorate the 50th anniversary of the New Taiwan Dollars.

Because the stability of a country's currency is very important to its economy and stability, central banks have exclusive right to print and distribute currency. In 1949, with turmoil in Mainland China, both the legally stipulated paper currency and the gold certificates in the mainland were devaluated, and the Taiwan dollars (the old Taiwan dollars) were affected. Issue of them was out of control and runaway inflation resulted. To stop commodity prices from rocketing and creating an inflationary spiral that would land the nation in dire economic straits, the government put through the currency reform and published the New Taiwan Dollars to stabilize Taiwan politically and economically. For the last 50 years, under the wise leadership of the Government and the diligence and united efforts of all citizens, the New Taiwan Dollars has been stable, which has been very important to the economic development of Taiwan. The New Taiwan Dollars has good credibility and has gradually become one of the world's strong currencies.

(1)First Day Cover in small size to be sold at NT$ 1.00 apiece.
(2)Folder especially prepared for the stamps to be sold at NT$ 2.00 apiece.
(3)Folder with crystal mount for better protection of the stamps to be sold
at NT$4.00 apiece.
(4)Loose-leaf stamp album page with plastic cover to be sold at NT$ 8.00
apiece.
(5)Pre-cancelled First Day Cover affixed with a low-valued stamp to be sold
at NT$ 6.00 apiece.
(6)Pre-cancelled First Day Cover affixed with a complete set of stamps to be
sold at NT$31.00 apiece.


 

Cachet: A special cachet will be available on June 15, 1999 at all the post offices
through out the country.