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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.
The NT$100 and NT$200 banknotes features national figures and buildings, while the other denominations present more general national themes and natural habitats in Taiwan. The groups of people depicted on themes of the NT$500 and NT$1,000 banknotes are real personalities taken by photographers. [4] [5] [6]
New Taiwan dollar – Taiwan; Texas dollar – Republic of Texas; Tobagonian dollar – Tobago; Trinidadian dollar – Trinidad; Trinidad and Tobago dollar – Trinidad and Tobago; Tuvaluan dollar – Tuvalu (not an independent currency, equivalent to Australian dollar) United States dollar – United States. See also International use of the U ...
A currency is a kind of money and medium of exchange.Currency includes paper, cotton, or polymer banknotes and metal coins.States generally have a monopoly on the issuing of currency, although some states share currencies with other states.
Currency of Taiwan can refer to any of the following: Taiwanese yen issued by the colonial government of Taiwan under Japanese rule from 1895 to 1945; Old Taiwan dollar used from 1946 to 1949; New Taiwan dollar the currency of Taiwan since 1949.
Money transfer generally refers to one of the following cashless modes of payment or payment systems: Electronic funds transfer, an umbrella term mostly used for bank card-based payments; Giro (banking), also known as direct deposit; Money order, transfer by postal cheque, money gram or others