TWD ($)

Currency: New Taiwan dollar

The New Taiwan dollar is the official currency of Taiwan. One US dollar is worth around 28.00 TWD. The New Taiwan dollar is the currency of Taiwan. It was first introduced in 1949, replacing the Old Taiwan dollar. The dollar is divided into 100 cents. The currency is issued by the Central Bank of the Republic of China. The New Taiwan dollar is subject to low inflation, so banknotes are issued in denominations as high as 2,000 dollars. The New Taiwan dollar is widely accepted in Taiwan and is often used for transactions in neighboring countries.