The currency used in Taiwan is called as the Dollar. This currency is denoted with the currency sign $ or NT$ and the ISO 4217 Code for the Taiwanese Dollar is TWD.
The Dollar, is the official currency of the Taiwan . It is divided into 100 smaller units called cent (?, Fen) Subunits used only in stocks and currencies.
The constitution of Taiwan provides that the Taiwan government shall have the power to print the Taiwanese Dollar and cent (?, Fen) Subunits used only in stocks and currencies coins to be used as a legal tender in Taiwan.
The Taiwanese Dollar bank notes and Cent (?, Fen) Subunits Used Only In Stocks And Currencies coins are both designated as "legal tender" in payment of debts.
The Taiwanese Dollar bill uses the decimal system, consisting of 100 equal units.
The symbol $ or NT$
, usually written before the numerical amount, is used for the Taiwanese Dollar.
Currently printed bank notes denominations are $100, $500, $1000 $200, $2000
and the coins are minted in the denominations of $1, $5, $10, $50 $20.