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New Taiwan dollar facts for kids

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New Taiwan dollar
新臺幣 / 新台幣 (Chinese)
TWD500f.jpg
NT$500 banknote obverse
ISO 4217
Code TWD
Denominations
Subunit
 1/10
Jiao, but no official translation
 1/100 cent (分, Fen)
Subunits used only in stocks and currencies
Plural dollars (English only)
cent (分, Fen) cents (English only)
Symbol $ or NT$
Nickname kuài (塊)
 角 máo (毛)
Banknotes
 Freq. used $100, $500, $1000
 Rarely used $200, $2000
Coins
 Freq. used $1, $5, $10, $50
 Rarely used $20
Demographics
User(s) Republic of China
Issuance
Central bank Central Bank of the Republic of China
 Website www.cbc.gov.tw
Printer China Engraving and Printing Works
 Website www.cepp.gov.tw
Mint Central Mint of China
 Website www.cmc.gov.tw
Valuation
Inflation 2.34%,3.7% (CIA World Factbook, 2008 est.)
 Source Central Bank of the Republic of China, Jul-Dec 2007
 Method CPI

The New Taiwan dollar, or simply Taiwan dollar, is the official currency of Taiwan. It was used since 1949, when it replaced the Old Taiwan dollar. It was first printed by the Bank of Taiwan, it has been printed by the Central Bank of the Republic of China since 2000.

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