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Last updated : Nov 2009
Taiwan Currency
Taiwan Currency and Bank information - TravelPuppy.com
The New Taiwan Dollar is the official currency in Taiwan.

New Taiwan Dollar (NT$) = 100 cents.

Notes are in denominations of NT$1,000, 500, 200, 100 and 50. Coins are in denominations of NT$50, 10, 5 and 1, and 50 cents.

Currency exchange

It is essential for all travellers to make a currency declaration in writing together with the baggage declaration. Unused currency can be reconverted on departure, on production of exchange receipts.

Credit & debit cards

Credit and Debit cards are accepted in most restaurants, hotels and shops.

Traveller's cheques

Traveller's cheques are accepted in most hotels, restaurants and shops. To avoid any additional exchange rate charges, travellers are advised to take traveller's cheques in US Dollars.

Exchange rate indicators

The following figures should be perceived as a guide to the movements of the New Taiwan Dollar against the US Dollar and British Pounds Sterling:
 
Date Oct'07
UK£1.00=
66.59
US$1.00=
32.45
 
Currency restrictions

The import and export of local currency is limited to NT$40,000 and authorization from the Ministry of Finance is required for amounts over NT$8000. The import and export of foreign currency is unlimited, although amounts over US$10,000 have to be declared on arrival. All exchange receipts must be retained.

Banking hours

Monday to Friday 9.00 am to 3.30 pm.
Useful travel links
MasterCard ATM Locator Location of any ATM that accepts MasterCard
Oanda International Currency and foreign exchange services
VISA ATM Locator Location of any ATM that accepts VISA cards