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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 basic unit of the New Taiwan dollar is called a yuan and is subdivided into ten chiao, and into 100 fen or cents, although in practice both chiao and f... Wikipedia