Official currency of the Republic of China
The New Taiwan dollar is the official currency of the Republic of China. The New Taiwan dollar has been the currency of the island of Taiwan since 1949, when it replaced the old Taiwan dollar, at a rate of 40,000 old dollars per one new dollar. The base unit of the New Taiwan dollar is called a yuan (圓 ), subdivided into ten chiao (角 ) or 100 fen (分 ), although in practice neither chiao nor fen ar... Wikipedia