The Republic of China's unit of currency is the New Taiwan Dollar (NT$), which has five denominations in paper money and five in icons. Paper money comes in NT$2000. NT$1000, NT$500. NT$200, and NT$100 denominations. Coins come in NT$50, NT$20, NT$10, NT$5 and NT$1 denomonations. For different currencies, please visit the Currency Converter at Currency Conversion 1 and Currency Cobersion 2 Foreign Currencies can be exchanged at government-designated banks and hotels.
Receipts are given when currency is exchanged, and must be presented in order to exchange unused NT dollars before departure. Major credit cards such as American Express, Master Card, VIsa, and Diners Club are accepted and traveler's checks may be cashed at foreign-exchange banks, some tourist-oriented businesses, and (by room guests) most international tourist hotels. To make Taiwan's banknotes and coins more difficult to counterfeit, on July 1, 2002 the island's Central Bank of China issued new NT$2,000 notes and discontinued the circulation of some old notes and coins, as follows: Notes bearing the inscription "Bank of Taiwan" in denominations of NT$1,000, NT$500, NT$100, and NT$50.