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$20
Demographics
Date of introduction
15 June 1949
Replaced
Old Taiwan dollar
User(s)
Republic of China
Issuance
Central bank
Central Bank of the Republic of China (Taiwan)
Website
www.cbc.gov.tw
Printer
Central Engraving and Printing Plant
Website
www.cepp.gov.tw
Mint
Central Mint
Website
www.cmc.gov.tw
Valuation
Inflation
0.85%
Source
[1] 2008–2018
Method
CPI 10-year average
New Taiwan dollar
Traditional Chinese
新臺幣
Simplified Chinese
新台币
Transcriptions
Standard Mandarin
Hanyu Pinyin
Xīntáibì
Wade–Giles
Hsin1-t'ai2-pi4
Hakka
Pha̍k-fa-sṳ
Sîn-thòi-pi
Yue: Cantonese
Yale Romanization
Sāntòihbaih
Jyutping
san1 toi4 bai6
Southern Min
Hokkien POJ
Sin-tâi-pè
Alternative Chinese name
Chinese
新臺票
Transcriptions
Hakka
Pha̍k-fa-sṳ
Sîn-thòi-phêu
Yue: Cantonese
Yale Romanization
Sāntòihpiu
Southern Min
Hokkien POJ
Sin-tâi-phiò
The New Taiwan dollar[I] (code: TWD; symbol: NT$, also abbreviated as NT) is the official currency of the Republic of China. 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 basic unit of the New Taiwan dollar is called a yuan (圓) and is subdivided into ten chiao (角), and into 100 fen (分) or cents, although in practice both chiao and fen are never actually 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 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.
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.
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Global Information
Republic of China