US Dollar

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US Dollar

Postby yusuf » 30 Apr 2012, 03:57

Hi, Just wanna ask something. Does in Taiwan often use US Dollar or just use Taiwan Dollar? Will they accept if I use US Dollar? Thank you.
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Re: US Dollar

Postby jp_mtl » 30 Apr 2012, 04:18

People just use Taiwan Dollar.
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Re: US Dollar

Postby Rabidpie » 30 Apr 2012, 15:54

yusuf wrote:Hi, Just wanna ask something. Is in Taiwan often use US Dollar or just use Taiwan Dollar? Will they accept if I use US Dollar? Thank you.


No one will take the US dollar but it's something easy enough to exchange at any bank. Make sure you bring your passport!
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Re: US Dollar

Postby PigBloodCake » 30 Apr 2012, 16:54

Rabidpie wrote:
yusuf wrote:Hi, Just wanna ask something. Is in Taiwan often use US Dollar or just use Taiwan Dollar? Will they accept if I use US Dollar? Thank you.


No one will take the US dollar but it's something easy enough to exchange at any bank. Make sure you bring your passport!


Not really. Almost all will only accept Franklins (and not the North Korea ones).

There is only 1 bank that I know that'll accept non-Franklins.
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Re: US Dollar

Postby California » 30 Apr 2012, 17:07

Pre-1997 100 US dollar bills wont be accepted in Taiwan due to excessive North Korean counterfeiting.

Fubon Bank will take American 20s though and post-1997 100 dollar bills.
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Re: US Dollar

Postby yusuf » 01 May 2012, 20:33

I think I want to bring US dollar with me in Taiwan. Then I can exchange with Taiwan dollar at the bank there. Nvm, I got what did you say. Thnx.
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Re: US Dollar

Postby Abacus » 02 May 2012, 00:40

just use an ATM.
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Re: US Dollar

Postby Pingdong » 05 May 2012, 01:34

taiwan isnt as picky as some SE Asian countries, but damaged bills (ripped, written on etc) will be charged a fee to exchange. if its really bad they wont. also old style bills you need to pay a fee to exchange. so if you are bringing them, bring the new style without much damage. i never had troubles, but i never tried exchanging old 100s.
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Re: US Dollar

Postby nonredneck » 05 May 2012, 05:49

California wrote:Pre-1997 100 US dollar bills wont be accepted in Taiwan due to excessive North Korean counterfeiting.

Fubon Bank will take American 20s though and post-1997 100 dollar bills.


I've only had series 2006 or later 100 dollar bills are accepted.

I had no problems with exchanging series 2006 or later 100 dollar bills but I've had pre-2006 100 dollar bills flat out rejected (even series 2003).
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Re: US Dollar

Postby djkonstable » 05 May 2012, 16:01

Exchange while you can because based on the data I am looking at if the US Federal Reserve Bank decides to print more money. 1-2 more times of quantitative easing i.e. "American citizens footing the bill" your are going to be looking at USD to NTD rates that have never been seen before (less NTD for your USD). My wife and I have been discussing how we can take our money in NTD and other Asian currencies, sit on them, wait for the USD to fall along with even lower housing prices and we will buy that dream house we want in Santa Fe, NM. The primary indication to me that the USD is past the point is that when European data comes out, the USD doesn't get stronger, it continues to flat line or get weaker. Based on previous times it should become stronger. It is advantageous or worrisome depending on you knowledge and perspective.
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