Skip to content Skip to a section

🇹🇼Payments Today

New Taiwan dollar · Taiwan's currency since the late-1940s reform that ended hyperinflation on the island.

At a glance
Score intensity

Darker cells mean a higher score for this topic on that metric.

Last reviewed Sources & creditsMedia creditsMethodology

Quick answers

What is the New Taiwan dollar?

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.

Who issues New Taiwan dollar?

CBC Taiwan sets monetary policy and oversees the unit; physical production involves Central Engraving and Printing.

Is this a live exchange rate?

No. Tool-Lifes /money is a static educational atlas. It explains regimes, history and design without live tickers.

Why does New Taiwan dollar matter globally?

Global importance comes from trade invoicing, reserve holdings, financial contracts and migrant remittances — measured here as relative scores, not prices.

What does the reserve-weight score mean?

It ranks how heavily central banks and global finance rely on this unit compared with others in the atlas — an editorial 0–100 score.

Where can I see banknotes?

The Design chapter covers major note and coin types; images come from Wikimedia Commons when a free licence is available.

TWD$

Start with this section - Payments Today

TWD $

Most New Taiwan dollar balances live as bank deposits. Cash still matters for inclusion, privacy and resilience, but digital rails take the volume in many cities.

CBDC projects explore public digital cash; few have replaced deposits or physical notes at scale.

Modern payments

Cards

International and domestic schemes dominate urban retail.

Instant A2A

Account-to-account rails shrink the gap with cash speed.

Mobile wallets

Super-apps and bank wallets concentrate small payments.

Cash

Still critical for tipping points, outages and the unbanked.

Cross-border

SWIFT, cards and remittance firms move value abroad.

Digital currency & CBDC

Research / pilot

CBC Taiwan participates in the global conversation on retail or wholesale CBDC.

Design questions

Offline use, privacy, and whether CBDC competes with bank deposits.

Near-term reality

Fast payment systems deliver many CBDC benefits without a new token.

Culture & everyday use

Everyday language

Slang and idioms around New Taiwan dollar reveal how people feel about money.

Numismatic culture

Collectors preserve withdrawn series and error notes.

Tourism & tipping

Visitors meet the unit first as ATMs, cards and street cash.

Trust rituals

Checking watermarks or preferring certain denominations remains common.

Outlook

Digital rails

Instant payments and wallets will keep taking share from cash and slow ACH.

Geopolitics

Sanctions, trade blocs and reserve diversification slowly reshape demand.

Climate & data

Issuers face new expectations on resilience, inclusion and disclosure — not only inflation.

How money moves →

Keep exploring

More in Asia