Virtual currency of Taiwan Bank
Taiwan uses new Taiwan dollars
New Taiwan dollar (currency code: TWD; Currency symbol: NT $) is a set of legal tender issued by the Central Bank of Taiwan, China. It has been issued and circulated since June 15, 1949. Its basic unit is yuan
New Taiwan dollar coin units include: 5 cents, 1 yuan, 5 yuan, 10 yuan, 20 yuan and 50 yuan. The paper money units are: 100 yuan, 200 yuan, 500 yuan, 1000 yuan and 2000 yuan. The circulation of 50 cents is small, in fact, it is less used, so usually the minimum unit of cash transaction is 1 yuan
for example, a stamp of 3.5 yuan is sold for 4 yuan (but of course, two stamps are only sold for 7 yuan); Deposit interest is also rounded to one yuan. However, if necessary, it can also be used as a medium of transaction, but it is limited to 100 pieces at a time
extended materials
the development history of the Taiwan Dollar:
the predecessor of the Taiwan dollar was the old Taiwan dollar, which was issued and circulated on June 15, 1949. The new Taiwan dollar is relative to the old Taiwan dollar, and now the Taiwan dollar refers to the new Taiwan dollar. The old Taiwan dollar was discontinued in the 1950s
On July 1, 1961, in accordance with the measures of the Central Bank of the Republic of China entrusting the Bank of Taiwan to issue new Taiwan dollars in Taiwan, the Bank of Taiwan was entrusted by the central bank to issue new Taiwan dollars. The words "Bank of Taiwan" were printed on the banknotes, and the legal status of the banknotes was compared with the national currency, which became the legal tender of the government of the Republic of Chinain 1992, the original "silver dollar and silver dollar exchange certificate issuance method" was abolished, as the source of the national currency silver dollar issuance law. As the national currency is issued by the central bank in accordance with the provisions of the central bank law, the "measures for the central bank to issue new Taiwan dollars" was promulgated on July 1, 2000, which stopped entrusting the Bank of Taiwan to issue new Taiwan dollars and officially designated New Taiwan dollars as the "National currency of the Republic of China"
On June 30, 2002, the "measures for the central bank to entrust the Bank of Taiwan to issue new Taiwan dollars" was abolished, and the circulation of new Taiwan dollars originally entrusted to the Bank of Taiwan was suspended from July 1, 2002the Taiwan authorities issued new Taiwan dollars in 2000 and returned the right to issue currency to the central bank. Therefore, the currency issued after that is issued by the central bank
I haven't been to Taiwan. I just want to understand the history. If you look at the currency again, the currency issued after 2000 should be the only currency issued by the central bank.
This is the new Taiwan dollar note issued by Taiwan: in 1967, Taiwan did not issue any notes. Your note should be the 10 yuan new Taiwan dollar note issued by Taiwan in 1976. The front of the note is not Chiang Kai Shek, but Sun Yat Sen, and the back is the presidential palace in Taipei
because this kind of banknote has stopped circulation in Taiwan on July 1, 2002, it belongs to the old version of new Taiwan dollar. Therefore, it is of great collection value. The new one is worth about 25 yuan in the postal currency market. If it is a local version with "Jinmen" or "Mazu" on it, the value will be higher, with a brand new value of about 320 yuan
How can we get through a third-party bank?
in terms of Bank of Taiwan, we charge a handling fee of 0.05% for each transaction.
all these have to be converted into the exchange rate of the day, which is just a few hundred Taiwan dollars
Western Union remittance Taiwan Cathay Pacific United Bank processes Western Union remittance. The advantage is that it does not use the swift code of the mainland bank. The remittance object is an indivial. The remitter in Taiwan can fill in the recipient's city application, and the name in Chinese pinyin is OK. After the remittance, the serial number and password of the water bill will be obtained, and the mainland payee will bring the ID card to the Agricultural Bank of China or the post office to prompt the serial number and password. The maximum remittance limit is $7000.
the official statement about the reasons for issuing the new Taiwan dollar is that the financial crisis broke out in Shanghai in 1948, which led to the sharp depreciation of the old Taiwan dollar and the sharp rise of Taiwan's price level. However, another version of the reasons for issuing the new Taiwan dollar points out that at the beginning of the end of the Japanese occupation period in Taiwan, e to the civil war between the Kuomintang and the Communist Party, the Kuomintang government transported a large number of Taiwan's livelihood materials, such as sugar and rice, to the mainland to supply the materials needed for the war, resulting in a sharp decline and serious shortage of Taiwan's domestic biological resources, As a result, the price of rice in Taiwan was even higher than that in Shanghai (at that time, rice was proced in Taiwan but not in Shanghai), resulting in serious inflation in Taiwan. As a result, the value of the currency depreciated rapidly in three markets a day, even if there was money, it might not be able to buy rice
on June 15, 1949, the Taiwan provincial government announced the "monetary reform plan of Taiwan Province" and "New Taiwan dollar issuance measures", officially issuing new Taiwan dollars, which explicitly stipulated that 40000 old Taiwan dollars would be exchanged for 1 New Taiwan dollar< On July 1, 1961, in accordance with the measures of the Central Bank of the Republic of China entrusting the Bank of Taiwan to issue new Taiwan dollars in Taiwan, the Bank of Taiwan was entrusted by the central bank to issue new Taiwan dollars. The words "Bank of Taiwan" were printed on the banknotes, and the legal status of the banknotes was compared with the national currency, which became the legal tender of the government of the Republic of China. Since December 21, 1970, the words "Republic of China" have been printed on banknotes
on July 1, 2000, the "measures for the central bank to issue new Taiwan dollars" was promulgated to stop entrusting the Bank of Taiwan to issue new Taiwan dollars, and the new Taiwan dollar was officially designated as the "national currency of the Republic of China". The original unit of the laws was silver dollar, which was also changed to new Taiwan dollar. The 1000 yuan note was issued on July 3 and the printed words were changed to "central bank". The defects of the design were removed in the 2004 edition. On June 30, 2002, the "measures for the central bank to entrust the Bank of Taiwan to issue new Taiwan dollars" was abolished. From July 1, 2002, the circulation of new Taiwan dollars originally entrusted to the Bank of Taiwan was stopped.
however, it should be noted that the administrative authorities in Taiwan have stipulated that foreign currency carried by inbound tourists should not exceed the equivalent of NT $20000 (about 4:1 exchange rate of NT to RMB). The excess can only be deposited in the Customs Department first. If you are going to Taiwan for business or tourism, you should pay special attention to it
local banks in Taiwan generally handle RMB business. Such as Bank of Taiwan, instrial and Commercial Bank of Taiwan, China Commercial Bank, etc.
http://zhouyu.bokee.com/4868475.html
New Taiwan dollar, the legal tender of the Republic of China after it retreated to Taiwan, was issued and circulated on June 15, 1949. The code name of ISO 4217 is TWD (or referred to as NT $, NTD, Taiwan dollar)
its basic unit is "circle", but it is usually written as "Yuan", which is often called "block" in colloquial. 1 circle = 10 corners = 100 minutes
the current coin units include: 5 cents, 1 yuan, 5 yuan, 10 yuan, 20 yuan and 50 yuan. The paper money units are: 100 yuan, 200 yuan, 500 yuan, 1000 yuan and 2000 yuan. The circulation of 50 cents is small, in fact, it is less used, so usually the minimum unit of cash transaction is 1 yuan. For example, a 3.5 yuan stamp is sold for 4 yuan (but two stamps are sold for 7 yuan, of course); Deposit interest is also rounded to one yuan. However, if necessary, 5 jiao can also be used as the medium of transaction, but 5 jiao can not be used more than 100 pieces at a time<
table of contents [hidden]
1 brief history
2 current currency version in circulation
3 related items
4 external links
[Edit]
brief history
the NT $1 million banknote issued ring Taiwan's inflation in 1948, formerly known as the old one, was issued on May 22, 1945. At the beginning, the old Taiwan dollar was defined as a kind of transitional currency. The Taiwan dollar of the Japanese government was exchanged with the Taiwan dollar of the national government one to one. Since the postwar financial situation in China was unstable, Taiwan did not use the legal yuan and gold certificates that were then used in mainland China, and the other issue was Taiwan dollar.
the official statement about the reasons for issuing the new Taiwan dollar is that the financial crisis broke out in Shanghai in 1948, which led to the sharp depreciation of the old Taiwan dollar and the sharp rise of Taiwan's price level
however, another version about the reasons for issuing the new Taiwan dollar points out that in the early days of the so-called recovery of Taiwan, the KMT collected some livelihood materials in Taiwan, such as sugar and rice, to the mainland of China for so-called suppression of the Communist Party, resulting in a shortage of domestic biological resources in Taiwan, As a result, the price of rice in Taiwan was even higher than that in Shanghai (at that time, rice was proced in Taiwan but not in Shanghai). As a result, Taiwan's currency was inflated and devalued rapidly in three markets a day. Even with money, it might not be able to buy rice
on June 15, 1949, Taiwan officially issued the new Taiwan dollar, stipulating that 40 000 old Taiwan dollars would be converted into 1 New Taiwan dollar, becoming the legal tender of the Republic of China today. In addition, in order to meet the special needs of Kinmen, Matsu, Dachen island and other battlefields, new Taiwan dollar coupons restricted in circulation in these areas have been issued, but now they have been cancelled
before the NT $1000 was issued in 2000, it was issued by the Bank of Taiwan entrusted by the central bank in accordance with the "measures for the central bank to entrust the Bank of Taiwan to issue new Taiwan dollars in Taiwan". The central bank entrusted the Bank of Taiwan to issue new Taiwan dollars with the words "Bank of Taiwan" printed on it, and the legal status was compared with the national currency. In 2000, the "measures for the central bank to issue new Taiwan dollars" was promulgated, the "measures for the central bank to entrust the Bank of Taiwan to issue new Taiwan dollars" was abolished, and the new Taiwan dollar was officially designated as the national currency. The national currency is issued by the central bank in accordance with the "central bank law". The entrustment of the Bank of Taiwan to the national currency is stopped, and the words printed on the national currency are changed to "central bank". At that time, some people questioned whether the move was an extension of the proposition that "the Republic of China is a sovereign and independent country in Taiwan". The government's official response was that since the central bank resumed business in Taiwan on July 1, 1968, the issuing unit of new Taiwan dollar was legally the central bank, while the Bank of Taiwan was only the entrusted unit, and the printing of "Bank of Taiwan" was a long-term misunderstanding
on July 20, 2005, the version of 1000 yuan and 500 yuan was revised again, adding the light and shadow change foil film, which was originally only available for 2000 yuan, and the safety line was changed to light and shadow change foil film safety line. The 500 yuan brush gets deeper.
1. To exchange Taiwan dollars, you can change part of it before you leave, or change it after you arrive in Taiwan. It's suggested to change it in Taiwan unless it arrives in the middle of the night
More than 80% of ATMs in Taiwan have UnionPay logo and can be used directly. The UnionPay card goes to Taiwan dollars and the RMB in the account is dected. If there is no ATM, you can go to almost omnipotent 7-11, the whole family or the post office. They all have the ATM with UnionPay logo3. The maximum withdrawal limit of ATM mainland card in Taiwan is NT $20000 each time, and it can be withdrawn for many times until the daily limit is NT $10000 or NT $20000
4. There are 6000 merchants in Taiwan who can swipe UnionPay cards from the mainland, especially department stores and other large shopping places. But you still have to use cash in night markets and street side shops
5. The consumption mode that can be considered is to buy small things with Taiwan dollars and swipe cards directly for a large amount of consumption, so as to avoid having to carry a lot of cash or find a place to change money
6. ATM in Taiwan uses bank card to withdraw cash, which is higher than the exchange rate of cash
7. If you don't come by flight or ship in the middle of the night, you are advised to exchange money in Taiwan, because most of the bank exchange rates in Taiwan are very reasonable. Several airports have places to exchange money, and there are ATM machines that can directly withdraw New Taiwan dollars. More inconvenient are Kenting, Taroko scenic area and outlying islands
prompt: some bank cards with chips at the beginning of Huaxia bank number cannot be used in Taiwan (including withdrawal and card consumption). If you want to withdraw money from overseas, when you go to Huaxia Bank to apply for a bank card, please be sure to consult the bank staff which kind of card can be used for overseas cash withdrawal