Taiwan New Dollar in Philippine Peso

TWD Taiwan New Dollar

Country of application:
Republic of China (Taiwan)

Coin denominations in circulation:
1, 5, 10, 50 New Taiwan dollars.

Denominations of banknotes in circulation:
New Taiwanese dollars 100, 500, 1000.

History reference:
The New Taiwan Dollar is the currency of Taiwan. The Chinese term "New Taiwan dollar" (literally "new Taiwanese currency") is generally only used in banking and legal documents to avoid possible ambi...guity. In Taiwan, the term yuan is widely used in writing, and quai is also used in conversation. The New Taiwan Dollar was issued on June 15, 1949, replacing the Taiwan Dollar, which had been subject to inflation since the end of the Chinese Civil War. The exchange was carried out in the amount of NT$40,000 for NT$1.

PHP Philippine Peso

Country of application:
Philippines

Coin denominations in circulation:
20, 50, 100, 200, 500, 1000 Philippine pesos.

Denominations of banknotes in circulation:
1, 5, 10, 25 centimos, 1, 5, 10 Philippine pesos.

History reference:
The Philippine peso is the national currency of the Philippines. In 1898, the country experienced a revolution and issued its own coins and paper money backed by the countrys resources. The revolutio...n was short-lived - this money ceased to circulate in 1901. The US took control of the Philippines and launched a currency that was pegged to the price of gold, which at the time was about half the value of the United States dollar (USD). The peg of £2 to the dollar continued until the country became independent in 1946. Monetary policy in the Philippines is conducted by the Central Bank of the Philippines (BSP), established on July 3, 1993 as the central bank. It produces the nations banknotes and coins at its Security Enterprise Complex, which is due to relocate to New Clark City in Kapas, Tarlac.