Taiwan New Dollar

The Taiwan New Dollar (TWD) is the currency of Taiwan. It has been in use since 1949 and is denoted by the symbol NT$ or sometimes just $. Here are some key points about the currency:

Historical Background

• Introduced after the Chinese Civil War.
• Replaced the Old Taiwan Dollar at a rate of 1 New Dollar = 40 Old Dollars.

Currency Features

• The New Dollar is subdivided into 100 cents.
• It is issued by the Central Bank of the Republic of China (Taiwan).

Coins and Banknotes

• Common coins include 1, 5, 10, 20, and 50 cents and 1, 5, 10, 20, 50 New Dollars.
• Banknotes are available in denominations of 100, 500, and 1000 New Dollars.

Exchange Rates

• The exchange rate can vary widely against major currencies such as the US Dollar and Euro.
• It is important for travelers and businesses to check current rates before making transactions.