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.
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References in periodicals archive ?
With operating capital of 500 million renminbi or about NT $2.4 billion (US $80 million), BOT Shanghai Branch is very likely to be appointed as the settlement bank in China for handling New Taiwan dollar transactions after the two sides ink the currency settlement agreement, insiders said.
TAMI indicated that the industry's export decline in the January-May period resulted partly from stronger New Taiwan dollar over Korean won against the greenback, and partly from the fact that its shipments to China plunged nearly 20% year-on-year in the period, compared to the fact that exports to the U.S.
Taipei, March 12, 2012 (CENS) -- Thanks to slight depreciation of the New Taiwan dollar against the U.S.
Senior central bank officials said the bank did not buy the greenback to the appreciation of the New Taiwan dollar in responses to the speculations.
3, 2012 (CENS) -- Massive influx of foreign funds into the stock market has given a strong boost to the New Taiwan dollar, which gained NT$0.145 to close at US$1=NT$29.55 yesterday (Feb.
(TWSE:2603) reported a second quarter 2019 gross profit of nearly 3.7 billion New Taiwan Dollars (NTD), or about US$118.6 million, compared to about 109 million NTD in the second quarter of 2018.
He was sentenced for three months in prison and fine of NT$1,000 per day (New Taiwan dollars).
After spending 200 New Taiwan dollars (7 US dollars), they gave up hope of beating the machine, whose loose claw seemed to them like it was likely designed to give a jiggle after it grasped an object.
Renting a claw crane in Taipei costs at least 5,000 New Taiwan dollars, though the rate varies depending on location: At some night markets popular with tourists, it can be 10,000 New Taiwan dollars.
"We will at least invest some 10 billion New Taiwan dollars ($342 million) over five years to recruit top talent and deploy artificial intelligence applications in all the manufacturing sites," Foxconn Chairman Terry Gou said.
The New Taipei city government has received donations of over 570 million New Taiwan dollars (18.44 million U.S.
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