| 新臺幣[I] | |
|---|---|
| ISO 4217 | |
| Code | TWD (numeric: 901) |
| Subunit | 0.01 |
| Unit | |
| Unit | yuan (圓) |
| Plural | The language(s) of this currency do(es) not have a morphological plural distinction. |
| Symbol | NT$, 元, $ |
| Nickname | Mandarin: 元 (yuán), 塊 (kuài) Hokkien: 箍 (kho͘ ) Hakka: 銀 (ngiùn) |
| Denominations | |
| Subunit | |
| 1⁄10 | Jiǎo (角) |
| 1⁄100 | Fēn (分) Subunits used only in stocks and currency transactions, and are rarely referred to |
| Nickname | |
| Jiǎo (角) | Mandarin: 毛 (máo) Hokkien: 角 (kak) Hakka: 角 (kok) |
| Fēn (分) | Hokkien: 仙 (sian) Hakka: 仙 (siên) |
| Banknotes | |
| Freq. used | NT$100, NT$500, NT$1000 |
| Rarely used | NT$200, NT$2000 |
| Coins | |
| Freq. used | NT$1, NT$5, NT$10, NT$50 |
| Rarely used | 1⁄2¢, 1¢, 2¢, 5¢, 10¢, 20¢, 50¢, NT$20 |
| Demographics | |
| Date of introduction | 15 June 1949 |
| Replaced | Old Taiwan dollar |
| User(s) |  Republic of China |
| Issuance | |
| Central bank | Central Bank of the Republic of China (Taiwan) |
| Website | www |
| Printer | Central Engraving and Printing Plant |
| Website | www |
| Mint | Central Mint |
| Website | www |
| Valuation | |
| Inflation | 0.85% |
| Source | [1] 2008–2018 |
| Method | CPI 10-year average |
| New Taiwan dollar | |||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Traditional Chinese | 新臺幣 | ||||||||||||||||||||||
| Simplified Chinese | 新台币 | ||||||||||||||||||||||
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| Alternative Chinese name | |||||||||||||||||||||||
| Chinese | 新臺票 | ||||||||||||||||||||||
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The New Taiwan dollar[I] (code: TWD; symbol: NT$, also abbreviated as NT) is the official currency of the Republic of China. 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.
There are a variety of alternative names for the units in Taiwan. The unit of the dollar is typically informally written with the simpler equivalent character as 元, except when writing it for legal transactions such as at the bank, when it has to be written as the homophonous 圓. Colloquially, the currency unit is called both 元 (yuán, literally "circle") and 塊 (kuài, literally "piece") in Mandarin, 箍 (kho͘, literally "hoop") in Hokkien, and 銀 (ngiùn, literally "silver") in Hakka.
The Central Bank of the Republic of China (Taiwan) has issued the New Taiwan Dollar since 2000. Prior to 2000, the Bank of Taiwan issued banknotes as the de facto central bank between 1949 and 1961, and after 1961 continued to issue banknotes as a delegate of the central bank. The central bank began issuing New Taiwan dollar banknotes in July 2000, and the notes issued by the Bank of Taiwan were taken out of circulation.[2]
Cite error: There are <ref group=upper-roman> tags on this page, but the references will not show without a {{reflist|group=upper-roman}} template (see the help page).
- ^ Chuang, Chi-ting (17 February 2001). "Legislator pans new bank notes". Taipei Times. p. 4.
- ^ Han Cheung (9 June 2024). "Taiwan in Time: How the New Taiwan dollar became the national currency". Taipei Times. Retrieved 16 June 2024.