What is nt virtual currency
The latest denomination of baht issued in 2018 is as follows:
1.20 baht: issued on April 6, 2018
extended information:
baht (ISO 4217: THB) is the official currency of Thailand, issued by the Bank of Thailand, Central Bank of Thailand, and 1 baht equals 100 satang. From the 9th series to the 16th series, the head of Bhumibol ad, King Rama IX of Thailand, is printed and engraved on the front of each kind of banknote and coin. From April 6, 2018, the 17th series of Thai baht will be issued, and the banknotes and coins will be changed to the head of Maha wajilalonggong, King Rama X of Thailand
At present, there are five banknotes of 20, 50, 100, 500 and 1000 baht and six coins of 25, 50 Sadang and 1, 2, 5 and 10 baht in circulation in Thailand. One baht equals 100 Sadangbecause RMB and the new Taiwan dollar are not freely convertible currencies, there is no direct exchange rate between them.
with the US dollar as the intermediate currency, according to the latest international exchange rate - US dollar to RMB is 1:8.056, US dollar to new Taiwan dollar is 1:33.256, we can calculate that RMB to new Taiwan dollar is 1:4.128
NT $means new Taiwan dollars
The new Taiwan dollar is a set of legal tender issued by the Central Bank of Taiwan, China. It has been issued and circulated since June 15, 1949, and its basic unit is yuanat present, the denominations of new Taiwan dollar coins are: 1 yuan, 5 yuan, 10 yuan, 20 yuan and 50 yuan; The denominations of banknotes are: 100 yuan, 200 yuan, 500 yuan, 1000 yuan and 2000 yuan. The conversion method is: 1 circle = 10 corners = 100 points
It is the expression of the new Taiwan dollar. New Taiwan dollar (currency code: TWD; Currency symbol: NT $) is a set of legal tender issued by the Central Bank of Taiwan, China. It has been issued and circulated since June 15, 1949. Its basic unit is yuan
at present, the denominations of new Taiwan dollar coins are: 1 yuan, 5 yuan, 10 yuan, 20 yuan and 50 yuan; The denominations of banknotes are: 100 yuan, 200 yuan, 500 yuan, 1000 yuan and 2000 yuan. The conversion method is: 1 circle = 10 corners = 100 points
1: NT $0.2142 (CNY), NT $250 = 53.55 (CNY)
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extended materials:
1. New Taiwan dollar pattern
New Taiwan dollar, a note is not only one person, one scene, but also many people, and some quoted a lot of ancient prose, such as the 100 yuan note, they quoted:
"the journey of the road is also, the world is the public, select the virtuous and the able, so people are not only close to their relatives, not only their children, In the upper right corner of the four different banknotes, there are plum, orchid, chrysanthemum, bamboo and pine (all using ink painting techniques). The characters depicted on the front include children, the father of the nation, and the Chinese youth baseball team. The Taiwan youth baseball team won the world youth baseball championship in 1972
in terms of the nature on the back, each picture includes two parts: biology and landscape, showing the unique species of the island with a very unique style. Moreover, not only one picture (for example, three real color photos are used for the 1000 yuan note, including a picture of dawn mirage), most of them show the real color, but also add a lot of stone carving factors to the texture, All the characters are in the form of calligraphy, and there are seal and its color Dan
Taiwan coins also have little sustenance, such as Min'an at 10 yuan. However, what should be carefully tasted is monaru road at 20 yuan
Mona Rudo (Zedek: Mona (Mouna) Rudo; From 1880 to 1930, he was the leader of mahpo society of saideke nationality. In the Chinese edition of Taiwan Riri Xinbao, he was called "maonalao". After the war, he was also called mona. He was tall and burly, and was said to be nearly 190cm tall. He was also the leader of the saidek Wushe community and the leader of the Wushe incident, an important Anti Japanese movement ring the Japanese occupation. After the incident failed, he shot himself
aboriginal artifacts are engraved on the back
Second, exchange rateyou can exchange new Taiwan dollars at the designated bank or international tourist hotel. The receipt obtained at the time of exchange must be kept properly. If you want to exchange the unused New Taiwan dollars back before leaving China, you must show this receipt
According to Taipei news: since June 30, 2009, RMB can be exchanged in two ways on Taiwan Island. Natural persons holding valid ID cards (island residents holding ID cards, tourists and foreigners holding passports) can be exchanged, and each exchange amount should not exceed RMB 20000 Other exchange rates: (2018.4.28)1 New Taiwan dollar = 0.2142 RMB (CNY)
1 New Taiwan dollar = 0.2579 Hong Kong dollar (HKD)
1 New Taiwan dollar = 0.02811 euro (EUR)
1 New Taiwan dollar = 0.03303 US dollar (USD)
1 New Taiwan dollar = 0.02515 pound (GBP)
1 New Taiwan dollar = 37.1112 won (KRW)
1 New Taiwan dollar = 3.6543 yen (JPY)
1 New Taiwan dollar = 1.1021 Thai baht THB)
1 NT = 1.668 Philippine Peso (PHP)
NT $is new Taiwan dollar. It is the common currency in Taiwan area of China. It has been issued and circulated since June 15, 1949. Its basic unit is yuan
the denominations of NT dollars are: 1 yuan, 5 yuan, 10 yuan, 20 yuan and 50 yuan; The denominations of banknotes are: 100 yuan, 200 yuan, 500 yuan, 1000 yuan and 2000 yuan. The conversion method is: 1 circle = 10 corners = 100 points
The circulation of50 cents coins is small, and in fact, they are rarely used, so usually the minimum unit of cash transaction is 1 yuan
for example, a stamp of 3.5 yuan is sold for 4 yuan (but of course, two stamps are only sold for 7 yuan); Deposit interest is also rounded to one yuan. However, if necessary, it can also be used as a medium of transaction, but it is limited to 100 pieces at a time
extended materials
New Taiwan dollar, a note is not only one person and one scene, but also a lot of people and scenes, and some quoted a lot of ancient prose, such as 100 yuan note, it quoted: "the road is also, the world is for the public, choose the good and the able, so people are not only close to their relatives, not only their children, In the upper right corner of the four different banknotes, there are plum, orchid, chrysanthemum, bamboo and pine (all using ink painting techniques)
the characters depicted on the front include children, the father of China and the Chinese youth baseball team. The Taiwan youth baseball team won the world youth baseball championship in 1972. In terms of nature on the back, each one includes two parts: biology and landscape, showing the unique species of treasure island
moreover, the photo is not only one (for example, the 1000 yuan note uses three real color photos, including a picture of dawn mirage), most of them show real colors, and add a lot of stone carving factors to the texture, as well as the ancient architectural factor of Dougong, and astronomical observation and other related contents. All the characters are in the form of calligraphy, and there are seal seals, the color Dan
Taiwan's coins also have little sustenance, such as Min'an at 10 yuan, but it's monaru road at 20 yuan that should be carefully tasted
this is the expression of Taiwan currency - New Taiwan dollar
at present, Renminbi yuan is abbreviated as RMB ¥, which is abbreviated with the combination of the initial letters of Chinese Pinyin for RMB, and the standard currency symbol is CNY. The Hong Kong dollar is abbreviated as HK $, and the standard currency symbol is HKD; Macao pataca is abbreviated as pat or P, and the standard currency symbol is mop; New Taiwan dollar, abbreviated as NT $, is the standard currency TWD. However, e to the small influence of Chinese Pinyin in the world, it is not concive for Chinese currency to go to the world and become a freely convertible currency. Therefore, if "RMB" is changed to "Chinese yuan", it can be linked with the currencies of Hong Kong, Macao and Taiwan. The abbreviation of "China dollar" is "CN $", which is in line with the abbreviation of international currency. Its abbreviation is just close to the current standard currency symbol "CNY" of Chinese currency in the international financial market.
at present, the latest exchange rate is 6.74 yuan per US dollar. If the exchange rate is set at 1:1, at first glance, Chinese people will benefit in the short term. For example, in the past, traveling abroad cost US $10000, which is equivalent to RMB 67400. Now it only costs RMB 10000 to go abroad for a tour. In the past, it cost US $1000 to buy a luxury bag, which is equivalent to RMB 6700. Now it only costs RMB 1000 to buy it. It really saves a lot of money
but the reality is not what you think. The exchange rate of 1:1 is really concive to imports. Those high-end cars, watches, luxury goods, cosmetics and other Chinese people can also afford to spend. Parents of ordinary families can send their children abroad to attend famous schools, but the export end will suffer a heavy setback
in fact, every country wants to trade its own renewable resources for other countries' non renewable resources, and to achieve this goal, it needs its own currency to be "worthless". This is how China started
before, when China's manufacturing instry was still at a low level of technology, a large number of children's toys, daily necessities, clothing and hats were exported to Europe and the United States, and these goods were also loved by foreigners. Because the price was low enough, the domestic price was 6.7 yuan, which could be bought at 1 US dollar in the United States. If the exchange rate changed to 1:1, the price would be instantly raised to 6.74 US dollars, Will anyone buy it again
if no one buys it, domestic enterprises will not have to start work, workers' wages will not be paid, and basic living will not be guaranteed, which will lead to a series of problems, especially people's livelihood. Similarly, we can't make money from the United States by exporting low-cost goods, and we can't buy non renewable resources such as oil, ore and land in the United States<
the game between China and the United States on the exchange rate issue has never stopped
the United States has always wanted to rece its trade deficit with China through the appreciation of RMB, so as to safeguard the interests of domestic manufacturers. The appreciation of RMB will increase the operating costs of Chinese enterprises. In this way, the prices of Chinese goods exported to the United States and other countries in the world will be pushed up, and the competitiveness will be reced. On the one hand, China will make less money; on the other hand, the competitiveness of similar goods proced in the United States will be correspondingly improved, and the market share and sales volume will naturally increase
therefore, the two countries have been playing games for the exchange rates of RMB and US dollar. For example, in recent years, the US Federal Reserve kept cutting interest rates after the epidemic, with the intention of transferring risks to other countries. In order to cope with the continuous appreciation of RMB in the near future, the central bank announced on the 11th of this month that it would rece the foreign exchange risk reserve ratio of forward foreign exchange sales business from the previous 20% to 0 from the 12th. The intention is to counter the appreciation of RMB and release the signal that it does not want RMB to continue to appreciate<
China is the second largest U.S. debt holder, which also determines that RMB cannot be over appreciated
China holds about 1.1 trillion U.S. debt, which is the second largest U.S. debt holder after Japan. According to the current exchange rate, the U.S. needs 7.4 trillion yuan to repay these debts, if the exchange rate changes to 1:1, So the money that the United States needs to pay is only 15% of what it used to be. It can be called blood earning! It virtually reced the cost of the U.S. repaying its foreign debt< If we can't understand the disadvantages of appreciation, we can take a look at Japan's Plaza Agreement.
in the 1980s, the US fiscal deficit and foreign trade deficit increased significantly. In order to improve the competitiveness of American enterprises, the United States signed a Plaza Agreement with Japan. The Japanese yen was instantly increased from 300 yen to 1 dollar to 70 yen to 1 dollar. The operating costs of Japanese enterprises increased significantly. In order to rece costs, Japan had to move a large number of enterprises abroad, resulting in hollowing out of Japan
on the one hand, after Japanese enterprises moved out of the country, the unemployment rate in Japan increased sharply; On the other hand, the large amount of assets book income brought by the appreciation of the yen is nowhere to be placed. It can only invest in the two major markets, namely, the financial sector and the real estate sector. This has led to a sharp increase in house prices and a stock market bubble, and the Japanese economy has entered a period of over ten years of downturn and bubble.
conclusion
to sum up, if the exchange rate of US dollar to RMB is 1:1, in the short term, it will indeed rece the cost of overseas travel and study abroad for Chinese people, and luxury goods that can not be bought before can also be bought "at will"; But in the long run, the disadvantages caused by this can be described as all kinds of harm and no benefit for the national level, the enterprise level or the indivial level<
in recent years, the United States has been putting pressure on the appreciation of RMB in order to hollow China and force funds to flow to the empty stock market, real estate market and financial instry, so as to follow Japan's lead. This practice of the United States can be described as "wolf's ambition" and we have to be vigilant.
I hope my answers can help you. Have a good time.