The New Taiwan dollar (code: TWD; symbol: NT$, also abbreviated as NT) is the official currency used in Taiwan. Formally, one dollar (圓) is divided into ten dimes (角), and to 100 cents (分), although cents are never used in practice.The banknotes in circulation are: 100, 200, 500, 1000 and 2000圓. The conversion method is: 1 circle = 10 corners = 100 minutes.