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500 Yuan Stimulus Voucher
| Issuer | Executive Yuan, Republic of China (Taiwan) |
|---|---|
| Year | 2020 |
| Type | Log in to see details |
| Value | 500 Yuan (500 TWD) |
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| Obverse description | Central vignette shows a guilloche-framed map of Taiwan with three small island insets to the left, printed in brown on a light ground with a pale underprint. The denomination '500' appears in large olive-green numerals at upper left and in Chinese characters at lower right, with the issuing authority title at top centre and usage restrictions in three bullet points at right. |
|---|---|
| Obverse lettering | 使用期限至109年12月31日止 中華民國 振興三倍券 行政院 消費時 • 不得換現 • 不得找零 • 不得儲值 伍佰圓 TAIWAN TAIWAN (Translation: Valid until December 31, republican year 109 Republic of China Triple Stimulus Voucher Executive Yuan No change shall be given for purchase of goods using this voucher and can not be redeemed for legal tender cash or top up Five Hundred Yuan TAIWAN TAIWAN) |
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| Comments |
Taiwan's 2020 stimulus vouchers — officially the "三倍券" or Triple券program — were not banknotes in any monetary sense but a consumption-stimulus instrument issued under the Executive Yuan in response to the COVID-19 economic disruption. Citizens paid NT$1,000 for vouchers worth NT$3,000 total, with the government absorbing the NT$2,000 difference. The 500-yuan denomination was one of the building blocks of that NT$3,000 package.
Deliberately non-transferable and time-limited, the vouchers expired at the end of 2020. The watermark security feature was included specifically to deter counterfeiting in the retail environment — these circulated through convenience stores, night markets, and small businesses, not banks. Over 22 million Taiwanese participated in the program.