TAIWAN

(TWD) Currency News >>

CURRENCY:

New Taiwan Dollar - TWD, Symbol NT$

DENOMINATIONS:

NOTE: NT$2,000, 1,000, 500, 200 and 100.

COIN: NT$50, 20, 10, 5 and 1.

US DOLLAR ACCEPTED?

N/A

CREDIT/DEBIT CARDS AND ATMS:

Most major credit cards are widely accepted.

CURRENCY EXCHANGE:

It is wise to take a written currency declaration to Taiwan. Retain all exchange receipts.

TRAVELLER'S CHEQUES:

Best in US Dollars, these can be cashed at most establishments.

BANKING HOURS:

Mon-Fri 0900-1530.

CURRENCY RESTRICTIONS:

Import of local currency is restricted to TWD 40,000.

COUNTRY OVERVIEW:

Taiwan is an island in East Asia. It is governed by the Republic of China but has been under control of Japan and the People's Republic of China also claims control of it, despite its being under Republic of China's administration.

POPULATION:

Around 23 million.

ECONOMY:

The economy of Taiwan is capitalist and based mainly on exports. It is a major foreign investor in countries including Thailand, China and other Asian countries. Taiwan suffered under recession in 2001 and unemployment reached its worst level since 1973, during the oil crisis.