New Taiwan dollar in 1987: Liberalisation
New Taiwan dollar divides its story at 1987, under “Liberalisation.” The figure attached to that history is 1949. Do not replace the sentence with the number on a bureau de change board today. Fix the reason it was issued, the picture, and where it was used, to that year. New Taiwan dollar did not appear fully formed. The New Taiwan dollar replaced the old Taiwan dollar in 1949 at 40,000 to 1, stabilising prices after the Chinese Civil War retreat.
Taiwan's currency since the late-1940s reform that ended hyperinflation on the island. Central Bank of the Republic of China (Taiwan) New Taiwan dollar is one of the units this atlas treats as a full monetary system — not only a ticker symbol. Its story runs from Taipei in 1949 through note design, central-bank practice and the FX role it plays today.
Scores on this site compare New Taiwan dollar with the other currencies in the atlas on reserve weight, global reach, stability, cash culture, design iconicity and policy autonomy. They are relative editorial judgements, not forecasts. The seven chapters cover origins and reforms, the look of notes and coins, the issuer's mandate, where the money circulates, FX and reserves, crisis history, and how people pay with it now.
New Taiwan dollar (TWD) is issued or defined under Central Bank of the Republic of China (Taiwan). Taiwan's currency since the late-1940s reform that ended hyperinflation on the island. CBC Taiwan sets monetary policy and oversees the unit; physical production involves Central Engraving and Printing.
New Taiwan dollar in 1987 under “Liberalisation” carries 1949. That figure is not today’s counter price.1987
Figures to keep
- Year of the rule
- 1987
- Figure in the history
- 1949
- Currency
- New Taiwan dollar
- Line in the record
- Liberalisation
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