New Taiwan Dollar · TWD

NT$ symbol · 1 country currently using this currency.

Currency info

Adopted: 1949

Currency family: Dollar

The New Taiwan Dollar is one of the world's strongest currencies by purchasing power, with Taiwan maintaining substantial foreign exchange reserves.

Introduced in 1949 after the Republic of China relocated to Taiwan, replacing the Old Taiwan Dollar at a rate of 1 new to 40,000 old dollars
Redenominated in 1981, with NT$1 replacing NT$100 to simplify transactions and reduce inflation effects
Managed by the Central Bank of the Republic of China (Taiwan) since its establishment
Became a freely convertible currency in 1987 as Taiwan liberalized its foreign exchange controls

Countries currently using this currency

Related

Other Dollar currencies

Australian dollar (AUD)Bahamian dollar (BSD)Barbadian dollar (BBD)Belize Dollar (BZD)Brunei Dollar (BND)Canadian Dollar (CAD)East Caribbean dollar (XCD)Fijian Dollar (FJD)Guyanese dollar (GYD)Jamaican dollar (JMD)Liberian dollar (LRD)Malaysian ringgit (MYR)

Historical predecessor

Old Taiwan Dollar