The New Taiwan Dollar is the Taiwanese currency. Its ISO code is ” TWD “, but NTD or NT $ are also possible as designations. The Central Bank of the Republic of China (CBC) itself uses the designation NT $ on its website.
The historical subdivision is the same as in the People’s Republic of China, NT $ 1 corresponds to 10 Jiao and 100 Fen. However, these are no longer in use.
There are NT $ 0.5 coins in circulation, but these are rarely used as they have very little value. The number is increasing at NT $ 1, 5, 10, 20 and 50. A division between 1 and 5 does not make much sense either.
Banknotes are available and in circulation with the values 50, 100, 200, 500, 1000 and even 2000 TWD. The notes with a face value of 200 are avoided, as are the 20 coins. Because the Chinese belief prevails in Taiwan too and the 2 stands for opposites – which are by no means meant to be positive.
In addition, the two is only 2 x 2 away from the 4, which is pronounced the same as “death” and is therefore strictly avoided. There are no license plates that end in 4 – the two does not have a much better reputation. These basics should be used there heed it also when dealing with money.
Exchanged into local currency
It should be noted that the TWD can only be changed legally at the exchange offices at the airport and at six (the largest) banks and only in Taiwan.