HomeTWD / MGA • Currency
add
TWD / MGA
Previous close
144.37
Market news
About New Taiwan dollar
The New Taiwan dollar, or the Taiwan dollar, is the official currency of the Republic of China. Usually, the $ sign precedes the amount, but NT$ is used to distinguish from other currencies named dollar. 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, subdivided into ten jiao or 100 fen, although in practice neither jiao nor fen are used.
There are a variety of alternative names for the units in Taiwan. The unit of the dollar is typically informally written with the simpler equivalent character as 元, except when writing it for legal transactions such as at the bank, when it has to be written as the homophonous 圓. Colloquially, the currency unit is called both 元 and 塊 in Mandarin, 箍 in Hokkien, and 銀 in Hakka.
The Central Bank of the Republic of China has issued the New Taiwan Dollar since 2000. Prior to 2000, the Bank of Taiwan issued banknotes as the de facto central bank between 1949 and 1961, and after 1961 continued to issue banknotes as a delegate of the central bank. WikipediaAbout Malagasy Ariary
The ariary is the currency of Madagascar. It is notionally subdivided into 5 iraimbilanja and is one of only two non-decimal currencies currently circulating. The names ariary and iraimbilanja derive from the pre-colonial currency, with ariary being the name for a silver dollar. Iraimbilanja means "one iron weight" and was the name of an old coin worth 1⁄5 of an ariary. However, as of May 2023, the unit is effectively obsolete since the iraimbilanja has practically no purchasing power, and the coins have fallen into disuse. Wikipedia