New Taiwan dollar
New Taiwan dollar (; code: TWD; symbol: NT$, also abbreviated as NT) is the official currency of the Republic of China (ROC) used in Taiwan Area. Formally, one dollar () is divided into ten dimes (), and to 100 cents (), although cents are never used in practice. The New Taiwan dollars has been the currency of Taiwan since 1949, when it replaced the Old Taiwan dollar, at a rate of 40,000 old dollars per one new dollar. There are a variety of alternative names to the units in Taiwan. The unit of dollar is usually written in simpler form as . Colloquially, the currency unit usually called (kuài, literally "piece") in Mandarin, (kho͘, literally "hoop") in Taiwanese Hokkien, and (ngiùn, literally "silver") in Hakka.
The Moon Is a Harsh Mistress
Except where exchange involves the Authority, a generally unregulated free market exists. The preferred currency is the dollar of the Bank of Hong Kong Luna, 100 of which are exchangeable for a troy ounce of gold, a supply of which was shipped to Luna for this purpose, or more usefully for potable water or other commodities in published quantities. The Authority dollar circulates in dealings with the Authority, but this tends to lose ground over time against the Hong Kong Luna dollar.