The New Taiwan dollar[I] (code: TWD; symbol: NT$, also abbreviated as NT) is the official currency of the Republic of China (Taiwan). Usually, the $ sign precedes the amount, but NT$ is used to distinguish from other currencies named dollar. The New Taiwan dollar has been the currency of the island of Taiwan since 1949, when it replaced the old Taiwan dollar, at a rate of 40,000 old dollars per one new dollar.[1] The base unit of the New Taiwan dollar is called a yuan (圓), subdivided into ten chiao (角) or 100 fen (分), although in practice neither chiao nor fen are used.
10 Yuan Bank of Taiwan
Issuer Taiwan
Issuing bank Bank of Taiwan (臺灣銀行; Táiwān Yínháng)
Ruling authority Republic (1949-date)
Year 65 (1976)
Calendar Chinese republican
Currency New dollar (1949-date)
Demonetized 1 July 2002
Portrait of Dr. Sun Yat-sen.
The Presidential Office Building, the official workplace of the President and Vice President of the Republic of China (Taiwan), located at the Zhongzheng District in Taipei, Taiwan.
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