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About the New Taiwan Dollar (TWD)
What Is the New Taiwan Dollar (TWD)?
The New Taiwan Dollar (TWD), symbolized as NT$ and sometimes abbreviated as NT, is the official currency of Taiwan. Its ISO currency code is TWD. Introduced in 1949, it replaced the Old Taiwan Dollar. The basic unit of the TWD is called a yuan, which is further subdivided into ten chiao and 100 fen, though these smaller units are rarely used in everyday transactions. The New Taiwan Dollar is the sole legal tender used for all transactions within Taiwan.
The New Taiwan Dollar (TWD) is issued by the Central Bank of the Republic of China (Taiwan). This central bank took over the issuance of the TWD in the year 2000. Prior to that, from its introduction in 1949 until 2000, the Bank of Taiwan was responsible for issuing the currency. The transition of this responsibility to the Central Bank of the Republic of China marked the TWD's elevation from a provincial to a national currency.
What Is the History of TWD?
The TWD was introduced on June 15, 1949, replacing the Old Taiwan Dollar at a rate of 40,000 to 1. This change aimed to combat the hyperinflation affecting Nationalist China during the Chinese Civil War. The currency's introduction marked a pivotal moment in Taiwan's economic history, laying the foundation for future financial stability.
Notes and Coins of TWD
The TWD is available in various banknotes and coins. Banknotes are issued in denominations of NT$100, NT$200 (seldom used), NT$500, NT$1000, and NT$2000. Coins come in denominations of NT$1, NT$5, NT$10, NT$20 (rarely used), and NT$50.
What Is the Difference Between New Taiwan Dollar And Old Taiwan Dollar?
The New Taiwan Dollar (TWD), introduced in 1949, replaced the Old Taiwan Dollar to combat severe hyperinflation that had gripped Taiwan following World War II. This change occurred when Taiwan transitioned from Japanese to the Republic of China's control, marked by economic instability due to the ongoing civil war in China. The Old Taiwan Dollar, plagued by rapidly declining value, led to the issuance of extremely high denominations, reaching up to 1 million Old Taiwan Dollars by 1949. In stark contrast, the New Taiwan Dollar was introduced at an exchange rate of 1 New Taiwan Dollar to 40,000 Old Taiwan Dollars, a move that was pivotal in stabilizing Taiwan's economy. Initially issued by the Bank of Taiwan, the responsibility for the New Taiwan Dollar was later transferred to the Central Bank of the Republic of China (Taiwan) in 2000, solidifying its status as the national currency and symbolizing a significant step towards economic recovery and stability.
Can You Use TWD in China?
No, the New Taiwan Dollar (TWD) is generally not accepted for regular transactions in Mainland China. In China, the official currency is the Chinese Yuan (CNY), also known as Renminbi (RMB). For everyday transactions in China, such as purchasing goods or services, you would need to use the Yuan.
OGN to IQD conversion rate trend
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Current OGN to IQD exchange rate
Origin Protocol to New Taiwan dollar is rising this week.OGN to IQD Conversion tables
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IQD to OGN
OGN to IQD Today vs. 24 hours ago
Amount | 00:52 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 OGN | ع.د34.91 | ع.د36.28 | -3.79% |
1 OGN | ع.د69.81 | ع.د72.57 | -3.79% |
5 OGN | ع.د349.06 | ع.د362.85 | -3.79% |
10 OGN | ع.د698.13 | ع.د725.69 | -3.79% |
50 OGN | ع.د3,490.64 | ع.د3,628.46 | -3.79% |
100 OGN | ع.د6,981.28 | ع.د7,256.92 | -3.79% |
500 OGN | ع.د34,906.41 | ع.د36,284.62 | -3.79% |
1000 OGN | ع.د69,812.83 | ع.د72,569.25 | -3.79% |
OGN to IQD Today vs. 1 month ago
Amount | 00:52 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 OGN | ع.د34.91 | ع.د40.85 | -14.52% |
1 OGN | ع.د69.81 | ع.د81.7 | -14.52% |
5 OGN | ع.د349.06 | ع.د408.5 | -14.52% |
10 OGN | ع.د698.13 | ع.د817 | -14.52% |
50 OGN | ع.د3,490.64 | ع.د4,085 | -14.52% |
100 OGN | ع.د6,981.28 | ع.د8,169.99 | -14.52% |
500 OGN | ع.د34,906.41 | ع.د40,849.95 | -14.52% |
1000 OGN | ع.د69,812.83 | ع.د81,699.91 | -14.52% |
OGN to IQD Today vs. 1 year ago
Amount | 00:52 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 OGN | ع.د34.91 | ع.د92.21 | -62.09% |
1 OGN | ع.د69.81 | ع.د184.43 | -62.09% |
5 OGN | ع.د349.06 | ع.د922.15 | -62.09% |
10 OGN | ع.د698.13 | ع.د1,844.29 | -62.09% |
50 OGN | ع.د3,490.64 | ع.د9,221.46 | -62.09% |
100 OGN | ع.د6,981.28 | ع.د18,442.91 | -62.09% |
500 OGN | ع.د34,906.41 | ع.د92,214.56 | -62.09% |
1000 OGN | ع.د69,812.83 | ع.د184,429.12 | -62.09% |
How to convert OGN to IQD



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