Information about the New Taiwan Dollar
Currency
New Taiwan Dollar (TWD) = 100 cents. Notes are in denominations of TWD2000, 1000, 500, 200 and 100. Coins are in denominations of TWD50, 20, 10, 5 and 1.
Currency exchange
All travellers are required to make a currency declaration in writing together with the baggage declaration. Unused currency can be reconverted on departure, on production of exchange receipts.
Credit & debit cards
American Express, Mastercard, Visa and Diners Club are accepted in most hotels, restaurants and shops.
Traveller's cheques
Cashed in most hotels, restaurants and shops. To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in US Dollars.
Currency restrictions
The import and export of local currency is limited to TWD40,000 and a permit from the Ministry of Finance is required for amounts over TWD8000. The import and export of foreign currency is unlimited, although amounts over US$10,000 must be declared on arrival. All exchange receipts must be retained.
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