What is the abbreviation for New Taiwan dollar?

In English usage, the New Taiwan dollar is often abbreviated as NT, NT$, or NT dollar, while the abbreviation TWD is typically used in the context of foreign exchange rates. Subdivisions of a New Taiwan dollar are rarely used since practically all products on the consumer market are sold in whole dollars.

When did New Taiwan dollar banknotes come out?

The central bank began issuing New Taiwan dollar banknotes in July 2000, and the notes issued by the Bank of Taiwan were taken out of circulation. The adjective "new" ( 新) is only added in formal contexts where it is necessary to avoid any ambiguity, even though ambiguity is virtually non-existent today.

How do I convert TWD to USD?

Simply type in the box how much you want to convert. Click on the dropdown to select TWD in the first dropdown as the currency that you want to convert and USD in the second drop down as the currency you want to convert to. Our currency converter will show you the current TWD to USD rate and how it’s changed over the past day, week or month.

Why are NT$200 bills not being used?

This may be due to the tendency of consumers to simply use multiple NT$100 or NT$500 bills to cover the range of NT$200, as well as using multiple NT$1000 bills or credit/debit cards instead of the NT$2000 bill. Lack of government promotion may also be a contributing factor to the general lack of usage.