New Taiwan dollar
| Taiwan dollars | |
|---|---|
| Country: |
 Taiwan
|
| Subdivision: | 10 Jiao, 100 Fen (= 100 cents ) |
| ISO 4217 code : | TWD |
| Abbreviation: | NT $, NTD |
|
Exchange rate : (29 Mar 2020) |
1 EUR = 33.667 TWD 1 CHF = 31.286 TWD |
The New Taiwan Dollar ( Chinese 新臺幣 / 新台幣 , Pinyin Xīn Táibì , ISO-4217 code TWD ; also spreads NTD or NT $ ) or simply Taiwan dollar is the currency of the Republic of China (Taiwan) . It is issued by the central bank .
In Chinese , the basic unit of the Taiwan dollar (like the Renminbi -Yuan in the People's Republic of China) Yuan ( Chinese 圓 , Pinyin yuán - "round coin", often alternatively Chinese 元 ) is written and colloquially Kuai ( Chinese 塊 , Pinyin kuài - "Piece") called. Sub-units of the yuan officially exist, namely (as in China) one yuan = 10 jiao ( Chinese 角 , pinyin jiǎo ) = 100 fen ( Chinese 分 , pinyin fēn ; also cents ). Colloquially, Mao ( Chinese 毛 , Pinyin máo ) is also common for Jiao . As a coin, however, these units are currently no longer in circulation.
Denomination
Coins are 50 cents, 1, 5, 10, 20, and 50 Taiwanese dollars, and banknotes are 100, 200, 500, 1000, and 2000 dollars. The notes are gradually being provided with new security features, up to April 2007 these were 200, 500, 1000 and 2000 dollar notes. The 20 Taiwan dollar and 50 cents coins and the 200 and 2000 dollar banknotes, respectively, have not been in circulation for a long time and are therefore rare.
| Face value | image | front | back | Watermark | format | Issue date | End of validity | Remarks |
|---|---|---|---|---|---|---|---|---|
| 100 dollars | Sun Yat-sen , "The Chapter of Great Harmony" by Confucius | Zhongshan building | Ume and number 100 | 145 × 70 mm | July 2, 2001 | |||
| $ 200 | Chiang Kai-shek , theme of land reform and education | Presidential palace | Orchid and number 200 | 150 × 70 mm | January 2, 2002 | |||
| $ 500 | Youth baseball | Taiwan Sika Deer and Dabajian Shan | Bamboo and number 500 | 155 × 70 mm | December 15, 2000 | August 1, 2007 | Without holography | |
| July 20, 2005 | With holography | |||||||
| 1000 dollars | Primary education | Mikadofasan and Yushan | Chrysanthemums and number 1000 | 160 × 70 mm | July 3, 2000 | August 1, 2007 | Without holography | |
| July 20, 2005 | With holography | |||||||
| 2000 dollars | FORMOSAT-1 , technology | Taiwanese Masu Salmon and Nanhu Dashan | Pine and number 2000 | 165 × 70 mm | July 1, 2002 |
history
After China's defeat in the First Sino-Japanese War , the island of Taiwan was under Japanese rule from 1895 to 1945 . After Japan's defeat in World War II, the Republic of China introduced the (old) Taiwan dollar as a “provisional” currency. Taiwanese yen , the currency used during the Japanese colonial era, were exchanged for Taiwan dollars at a ratio of 1: 1. The New Taiwan Dollar was introduced in 1949 as a result of hyperinflation in the second half of the 1940s. Old Taiwan Dollars were exchanged for New Taiwan Dollars at a 40,000: 1 ratio.
exchange
The Taiwan dollar is only convertible in the domestic foreign exchange market. The exchange rates to the US dollar, the euro and the other foreign currencies are determined by the trade between the commercial banks. If the exchange rate fluctuates too much, the central bank intervenes by buying or selling. Legal exchanges are only possible at exchange offices in airports and at certain banks .
See also
Web links
- Currency Issuance - Central Bank of China (Taiwan)
- Central Bank of the Republic of China (Taiwan)
- Historical and current banknotes from Taiwan
