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LOCAL CURRENCY IN TAIWAN

Would you like to know name of the currency in Taiwan? The money used in Taiwan is called Dollar.

The Taiwanese Dollar is issued and managed by the Central Bank of the Republic of China. To find out the current currency exchange rates for Dollar to other major currencies of the world, click on foreign currency rates.

Taiwanese Currency Information
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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.

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The Effect of Balance of Trade and Investment on Taiwanese Dollar
Financial analysts regularly cite the balance of trade and investment in Taiwan as the most important influence on the value of the Dollar. The difference between what the Taiwan exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Dollar exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Dollar exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Taiwanese Dollar.
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