Taiwan's unit of currency is the New Taiwan Dollar (NT$), which has five denominations in paper money and five in coins. Paper money comes in NT$2000, NT$1000, NT$500, NT$200, and NT$100 denominations. Coins come in NT$50, NT$20, NT$10, NT$5 and NT$1 denominations.
For different currencies, please visit the Currency Converter at Currency Conversion 1, Currency Conversion 2, and Exchange rate at Bank of Taiwan
Foreign currencies can be exchanged at government-designated banks and hotels. Receipts are given when currency is exchanged, and must be presented in order to exchange unused NT dollars before departure.
Major credit cards such as American Express, Master Card, Visa, and Diners Club are accepted and traveler's checks may be cashed at foreign-exchange banks, some tourist-oriented businesses, and (by room guests) most international tourist hotels.
To make Taiwan's banknotes and coins more difficult to counterfeit, on July 1, 2002 the island's Central Bank of China issued new NT$2,000 notes and discontinued the circulation of some old notes and coins, as follows:
Notes:
Notes bearing the inscription "Bank of Taiwan" in denominations of NT$1,000, NT$500, NT$100, and NT$50.
Coins:
Brass-colored NT$50 coins issued in 1992 and 1993, with a plum blossom and rays of light on the face and "Fifty Yuan" and "50" on the obverse, and with 50 plum blossoms on the edge.
The old notes and coins may be exchanged for notes and coins of equal value at Bank of Taiwan branches. For further information about New Taiwan Dollar notes, please visit the
Bank Of Taiwan.
Visa
