TWD (NT$)
New Taiwan dollar
Current regime
Trading the TWD between market participants and across borders is restricted and regulated. All foreign exchange transactions must be trade and business related. The market price is primarily determined by the market, but with frequent central bank intervention.
Complex payment processing.
History
The TWD was introduced on 15 June 1949 to replace the Old Taiwan dollar at a ratio of 40,000 to one. The value of the old Taiwan dollar had been destroyed by inflation related to the Chinese civil war.
The TWD was floated on 1 Feb 1978.
The TWD accounted for 0.9% of global FX turnover in April 2019.
https://www.cbc.gov.tw/en/mp-2.html
