GK
CURRENCIES OF THE WORLD
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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New Taiwan rupee
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New Taiwan yuan
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New Taiwan dollar
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New Taiwan yen
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Detailed explanation-1: -New Taiwan dollar (TWD) only became a “national” currency in 2000, when the Central Bank of the Republic of China (Taiwan) took over its issuance from the Bank of Taiwan. NT$ is the internationally recognized symbol for the Taiwan dollar, and TWD is its ISO currency code.
Detailed explanation-2: -Origins and history of the New Taiwan dollar The first new dollar was issued on June 15, 1949 to replace the old Taiwanese dollar with an exchange rate of $ 40, 000 for 1 new dollar. The main goal of this new dollar was to end the hyperinflation suffered by Taiwan and China during the Chinese Civil War.
Detailed explanation-3: -The New Taiwan dollar is an official national currency and used only in Taiwan. 1 dollar is devided into 100 Cents.