New Taiwan Dollar

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New Taiwan Dollar

The currency of Taiwan. It was introduced in 1949, replacing the old dollar at a ratio of 40,000 old dollars to one new dollar. Technically, it existed alongside the silver yuan, which was the official currency of the Republic of China (not to be confused with the People's Republic of China); however, the silver yuan was never actually used, and, in 2000, the Taiwanese dollar became the sole currency. It is a floating currency.

References in periodicals archive ?

In its statement, the central bank said, 'the exchange rate of the NT dollar is determined by a managed floating system, and therefore the government cannot control the NT dollar exchange rate.'

-Central bank of Taiwan denies manipulating the dollar

11), inducing the NT dollar to forego major appreciation in midsession and close slightly lower against the greenback, so as to sustain Taiwan's export competitiveness.

CBC intervenes to dampen appreciation of NT dollar

In the same month Taiwan's stock, bonds and NT dollar deposits held by foreigners amounted to NT$216.1 billion (US$7.2 billion), accounting for 54% of the forex reserves.

Taiwan's forex reserves near US$400B. in September

pointed out that they will become profitless as long as the NT dollar soars past the level of NT$29 for US$1, and will begin seeing loss escalate when the local currency rises above NT$28 against US$1.

Taiwan's machine tool makers fear revaluating NT dollar to erode profit

In August the outstanding value of NT dollar accounts held by foreigners slightly decreased by NT$6.3 billion (US$210 million) from the previous month to NT$219.1 billion (US$7.3 billion); and the outstanding term deposits increased by NT$116.5 billion (US$3.88 billion) to NT$21 trillion (US$700 billion).

Taiwan's money supply sees 10th straight "black cross" in August

is said to have seen its foreign exchange loss shrink to around NT$1 million (US$33,333) in the first half thanks to the devaluation of the NT dollar. In the meantime, the company's pre-tax earnings were NT$25 million (US$833,333) and after-tax net income was NT$20 million (US$666,666), or NT$0.23 per share.

Taiwan's machine tool makers see earnings improve on devaluation of NT$ in Q2

Meanwhile, thanks to the intervention of the CBC, the NT dollar depreciated sharply yesterday, reversing steep appreciation in midsession.

CBC resolves to keep discount rate unchanged

18, 2012 (CENS) -- The Shanghai branch of the Bank of Taiwan was designated yesterday (September 17) as the clearance bank for the NT dollar in mainland China.

Bank of Taiwan selected as clearance bank for NT dollar in China

dollars within half an hour before the end of the trading session, in an attempt to dampen the momentum for the appreciation of the NT dollar.

CBC strives to cope with the impact of hot money

dollar will weaken and the exchange rate of the NT dollar may climb over US$1=NT$29.5 in midsession on Friday.

Hot money drives up NT dollar

In August the outstanding value of NT dollar accounts held by foreigners totaled NT$225.4 billion (US$7.51 billion) for a monthly rise of NT$21.1 billion (US$703.33 million).

Taiwan's money supply indicators on downtrend in July

To prevent Korea from gaining an edge in export quote via weak currency, the Central Bank of China (CBC) also allowed the NT dollar to depreciate against the U.S.