The Taiwan currency is known by the name of
New Taiwan Dollar. The New Taiwan Dollar can be divided into four sections that fall under the categories of New Taiwan paper money and New Taiwan coins.
The New Taiwan paper money comes in following forms:
- NT$2000
- NT$1000
- NT$500
- NT$200
- NT$100
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The New Taiwan coins come in the following forms:
- NT$50
- NT$20
- NT$10
- NT$5
- NT$1
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The conversion of the currencies can be done at the Currency converter Centers. The foreign currencies for the New Taiwan Dollar can however be availed from the hotels and the banks in Taiwan. The conversion centers in Taiwan also exchange the foreign currencies for the Taiwan Currency. The receipts can be availed for the currency in Taiwan for the sake of keeping records. The receipts are supposed to be shown before leaving the country so as to return the unused currency and get back the required currency.
The major dealings and credits that are accepted from the major international banks like the following:
- American Express
- Master Card
- Visa Card
- Diners Club
The traveler's check in Taiwan can be encashed in the local banks or various foreign money exchangers. Various international hotels also provide this facility. The banks in Taiwan have taken back the old notes and coins of the New Dollar Taiwan and introduced the new ones to stop the circulation of false currency in Taiwan. People having the old Taiwan currency that can be both in the form of notes or coins, can be exchange at the national banks of Taiwan or inquire in the local banks.
