The currency of Taiwan is the New Taiwan Dollar, abbreviated as NTD. It is symbolized by "NT$" and is divided into 100 cents. The New Taiwan Dollar is used in all commerce, trade, and government transactions in Taiwan. The currency has undergone changes throughout history, particularly during political shifts, but it has remained stable and is now widely accepted. The currency is a significant element of Taiwan's economy, which is known for its advanced technology and manufacturing sectors.