What currency is used in Taiwan?
Posted on Oct 21, 2025 / Finance
Taiwan uses the New Taiwan dollar, written as TWD. It has been the official currency since 1949. Banknotes feature famous historical figures, cultural symbols, and landmarks. Cash is still commonly used, but cards and digital payments are very widespread in cities like Taipei and Kaohsiung. Coins are used for smaller transactions. The New Taiwan dollar’s value can fluctuate with the economy but remains central to daily life. The currency reflects Taiwan’s modern economy and cultural identity.
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