Also known as NT$, $, TWD, NTD
official currency of the Republic of China (Taiwan)
The New Taiwan dollar is the official money used in Taiwan. It matters because it's essential for conducting everyday transactions and economic activities throughout the island.
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Alternative Chinese name Chinese新臺票
The New Taiwan dollar (code: TWD; symbol: NT$ or $, also abbreviated as NT or NTD), or the Taiwan dollar, 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. The base unit of the New Taiwan dollar is called a yuan (圓), subdivided into ten jiao (角) or 100 fen (分), although in practice neither jiao nor fen are used.
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