NTD, the full name of the new Taiwan dollar, is the current currency in Taiwan, and is often abbreviated as NTD.
The N of the new Taiwan dollar is taken from the pinyin initial of the character "Xin", and the TD is taken from the pinyin initial of the character "Taiwan". NTD's ISO 4217** is TWD, following the tradition of **. It began to be issued and circulated on June 15, 1949, and the basic unit was the circle. The banknotes in circulation now are: 50 yuan, 100 yuan, 500 yuan, 1000 yuan, 2000 yuan, etc., as well as 1 yuan, 5 yuan, 10 yuan, 50 yuan, 100 yuan, 200 yuan coins and 1000 yuan, 5000 yuan banknotes. Currently, NT$1 is equal to 025 yuan, 1 US dollar can be exchanged for about 33NT$8.
The New Taiwan Dollar is the currency currently used in Taiwan, mainly in circulation in Taiwan, and serves as legal tender in Taiwan. It was issued on the basis of the renminbi brought by the Kuomintang in 1949 when it moved to Taiwan. The issuing bank of the New Taiwan Dollar is the monetary policy authority in Taiwan, China, that is, the "** bank".
NTD is the official currency issued by Taiwan, China, and its use dates back to 1949 after the Kuomintang** moved to Taiwan. At present, the new Taiwan dollar has become the main currency in Taiwan, and is widely used in business transactions, payroll, taxation and other aspects on the island.
Since there is an exchange rate relationship between the NTD and the RMB, the value of NTD is also affected by the value of the RMB. 1 TWD 02292 RMB. 1 RMB 4NT$3641. In addition, changes in the international economic situation will also have an impact on the value of NTD. For example, when a commodity** changes in the international market, the value of NTD changes accordingly.
In short, NTD is the official currency of Taiwan, which has a long history of use and has a certain exchange rate relationship with the RMB. For those who want to learn more about Taiwan's economy and finance, understanding NTD is an essential part.