The official currency of Taiwan is the New Taiwan Dollar (NTD). Introduced in 1949, it has undergone changes in value and design over the years, but it remains essential for daily transactions in Taiwan. The currency is subdivided into 100 cents, and banknotes come in various denominations, featuring images that reflect Taiwan's culture and history. The New Taiwan Dollar is recognized for its stability and is often exchanged for other currencies in the region. The currency reflects Taiwan's robust economy, which is driven by technology, manufacturing, and international trade.