Taiwan issues NT$200 and NT$500 stimulus vouchers



On 19 January 2009, every citizen of Taiwan regardless of age received the sum of NT$3,600 in the form of vouchers denominated in NT$200 (U$5.87) and NT$500 (US$14.69).


Each voucher measures 130 x 55 millimeters and has intaglio printing, latent image at bottom left, and OVI denomination at top left. The watermark is of a mum flower repeated throughout the paper.

The back of each note contains a form that retailers are supposed to fill out and stamp when the vouchers are used in their shops. Once redeemed, the retailers can deposit the vouchers for their face value at business banks.

On the front of the vouchers is the Chinese text that translates as “Valid until Ming Guo 98 (2009) September 30″ at left, “Republic of China – Economy Stimulating Shopping Vouchers” at top center, “No change shall be given for purchase of goods using this voucher and cannot be redeemed for legal tender cash” at right “National Government, Two Hundred Yuan” at bottom.

These vouchers can be used at any store that accepts them. Despite their face value; many merchants, to encourage their use, have generally allowed them to be redeemed for merchandise significantly higher than their nominal value – it is common to see “Use your $3,600 [shopping vouchers] here and take home NT$36,000 worth of goods!” (that is, 10 times their value) on many shops, especially electronics and supermarkets.

Courtesy of Jim “Rubycored” Chen.

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