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China and Taiwan’s monetary mix-up continues

Ongoing confusion between China's RMB¥5 commemorative coin and Taiwan’s NT$50 coin

Comparing the front face of China's commemorative 5RMB¥ coin and Taiwan's 50NT$ coin

Comparing the front face of China's commemorative 5RMB¥ coin and Taiwan's 50NT$ coin (CNA photo)

TAIPEI (Taiwan News) — China’s 2016 minted RMB¥5 commemorative coin continues to be mistaken as Taiwan’s NT$50 coin due to similar appearance.

Travelers continue to mix-up the RMB¥5 commemorative coin with a NT$50 coin when in Taiwan. Both coins have a similar gold color, composition, and portrait of Sun Yat-sen on one side.

Since the coin’s release in 2016 social media sites in China have increasingly featured posts warning others to pay close attention to the two coins' differences.

In late 2016 China’s Central Bank released a commemorative RMB¥5 coin in honor of Sun Yat-sen’s 150th birthday. Fearing that the coin would be mistaken for Taiwan’s existing NT$50 coin the Central Bank Bureau Chief made an official statement clarifying their differences shortly after it was issued.

This acknowledgement however didn’t quell Internet rumors nor confusion about the two coins' resemblance. The Central Bank released yet another official statement further detailing the differences.

The RMB¥5 coin was created for commemorative purposes and to be spent like a non-commemorative RMB¥5 coin. A total of 300 million were produced. The coin was intended for coin collectors, never to enter the Taiwan market nor be misused.

A chart comparing the differences in size, weight, and other specifications was also released, along with a reminder to be especially mindful of the differences when using a coin-operated machine - the RMB¥5 will not be accepted.

Currency experts originally anticipated the value of the commemorative coin to double or triple in worth by now. The coin has only increased slightly in value.