New Taiwan dollar TWD

The new Taiwan dollar is the official currency of Taiwan. One new dollar is divided into 100 cents. This currency is issued by the Central Bank of the Republic of China. In circulation are 100, 200, 500, 1000, and 2000 dollar bills, as well as ½, 1, 5, 10, 20, and 50 dollar coins.

The New Taiwan Dollar and Its History

The new Taiwan dollar was issued by the Taiwan Bank in 1949, replacing the old Taiwan dollar at a rate of 40,000 old Taiwan dollars to one new dollar. The new Taiwan dollar was introduced to stop hyperinflation.

The New Taiwan Dollar and Interesting Facts

In 2019, the exchange rate for the new Taiwan dollar was about 30 new Taiwan dollars to one US dollar. In spoken language, the currency's name differs from its written form due to the currency being created to preserve the Mandarin language.