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Phone:
+886 2 3393 6891

Address:
No.8 Yongkang Street, Da'an Dist., Taipei, Taiwan

New Taiwan dollar is the official currency of the Republic of China used in Taiwan. It is subdivided into ten jiao , each of ten fen or cents, although cents are never used in practice. The New Taiwan dollars has been the currency of Taiwan since 1949, when it replaced the Old Taiwan dollar, at a rate of 40,000 old dollars per NT$. In Mandarin, the unit of the dollar is referred to as yuan . Since the year 2000, the Central Bank of the Republic of China is the central bank of Taiwan, which currently issues the New Taiwan dollar. While the Bank of Taiwan issued banknotes prior to 2000, it was also the de facto central bank between 1949 and 1961.
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