New Taiwan dollar (Chinese: 新臺幣; pinyin: xīn tái bì; sign: NT$; code: TWD) is the official currency of the Republic of China used in the Taiwan and its surrounding islands. It is subdivided into ten jiao (Chinese: 角; pinyin: jiǎo), each of ten fen (Chinese: 分; pinyin: fēn) or cents, although cents are rarely used in practice. The New Taiwan dollars has been the currency of Taiwan since 1949, when it replaced the Old Taiwan dollar, at a rate of 40,000 old dollars per NT$. In Mandarin, the unit of the dollar is referred to as "元" or "圓" (pinyin: yuán). Since the year 2000, the Central Bank of the Republic of China (Taiwan) is the central bank of Taiwan, which currently issues the New Taiwan dollar. While the Bank of Taiwan issued banknotes prior to 2000, it was also the de facto central bank between 1949 and 1961.
Jan. 4 (BusinessDesk) - The New Zealand dollar is little changed as investors weigh recent extreme volatility and look for some direction from United States equities markets and US employment data due out overnight.
Taipei, Jan. 4 (CNA) Taiwan's foreign exchange reserves hit another all-time high at the end of December because of an increase in returns on the portfolio managed by Taiwan's central bank, the bank said Friday.
Taipei, Oct. 1 (CNA) The two car brands that best meet or exceed customer expectations in Taiwan are the Japanese Lexus and German Volkswagen, in the luxury and non-luxury categories, respectively, according to auto market advisory firm J.D. Power.
Taipei, Sept. 24 (CNA) Taiwanese businesses operating in China will be badly hurt by the trade skirmish between the United States and China next year when their orders are likely to gradually shift to other countries, experts said Monday.
Taipei, Dec. 28 (CNA) The U.S. dollar rose almost 3 percent against the Taiwan dollar in 2018, when successive interest rate hikes by the U.S. Federal Reserve led many investors to park their funds in greenback-denominated assets, dealers said.
GDP might grow at a slower 2.4 percent next year, as US-China trade tensions could evolve into a major disruptor of global electronic supply chains, posing downside risks to growth, Australia and New Zealand Banking Group (ANZ) said yesterday.