# Taiwan New Dollar

The Taiwan New Dollar (TWD) is the official currency of Taiwan. It is subdivided into 100 cents. The currency symbol is often represented as NT$.

## History
The New Taiwan Dollar was launched in 1949, replacing the Old Taiwan Dollar. It was introduced to stabilize the country's economy after World War II.

## Features
- **Banknotes:** Available in denominations of NT$100, NT$200, NT$500, and NT$1,000.
- **Coins:** Available in denominations of NT$1, NT$5, NT$10, NT$20, and NT$50.

## Exchange Rates
Exchange rates fluctuate based on market conditions. It's advisable to check current rates before making currency exchanges.

## Usage
The New Taiwan Dollar is mainly used for transactions within Taiwan but is also accepted in some parts of neighboring countries.