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Taiwan dollar

Taiwan dollar

2.3
The money used in Taiwan
  • noun
  • /taɪˈwɑn ˈdɑlər/
translation icon : dólar taiwanés
  • I saved up 2,000 New Taiwan dollars to spend on souvenirs during my vacation in Taipei.
  • New Taiwan dollars

Examples

  • The huge trade deficit between Taiwan and the United States made the U.S. government require Taiwan's authorities to appreciate the exchange rate of the New Taiwan dollar from 39.85 per U.S. dollar in 1985 to 28.55 per U.S. dollar by the end of 1987, an increase of almost 40 percent in just two years.

    Academic text (1999)
  • We arrived at estimates of Taiwan's military expenditures by taking ACDA's reported defense burden for this island and multiplying this figure by the constant GNP values in New Taiwan Dollars for the corresponding year, in order to convert the military spending figures into constant local currency.

    Academic text (1993)
  • All the monetary variables have been measured in constant 1981 New Taiwan dollars.

    Academic text (1993)
  • Since the mid-1980s, Taiwan has engaged in large-scale investment in response to a strong New Taiwan dollar, the high cost of labor and land, environmental controversies, and growing trade friction with the United States.

    Academic text (1999)
  • But my deepest outstanding debt is to my informant-friends in Taiwan, particularly for pardoning my premature departure from our mahjong circles and thereby depriving them of the opportunity to lose back to me the thousands of New Taiwan dollars I lost to them.

    Academic text (2007)
  • When I traveled to Taiwan, I exchanged my dollars for New Taiwan dollars at the local bank.

  • The price of this meal is 300 New Taiwan dollars, which is about 10 US dollars.

Surface Forms

Taiwan dollar singular

Morphology

Taiwan + dollar

The meaning 'the basic unit of money in Taiwan' is directly and transparently derived from combining the place name 'Taiwan' with the monetary unit 'dollar' (i.e., the dollar belonging to Taiwan). This country+currency composition is a common, cross-linguistic pattern, so a B1 learner who knows both constituents will readily infer the MWE's meaning.

Etymology

Taiwan dollar comes from joining the place name Taiwan with the common word dollar, a name many countries use for their money. So Taiwan dollar simply means the 'basic unit of money' used in Taiwan.