China recognizes the new Taiwan dollar. In China, NT dollars belong to foreign exchange and foreign currency, and people can exchange NT dollars into RMB at the Bank of China according to the corresponding proportion. If you want to convert NTD into RMB, you only need to bring your valid ID card to the bank, fill in the relevant documents, and finally pay cash to complete the exchange, or you can use your mobile phone to handle it in online banking, which is more convenient and fast.

New Taiwan dollar and RMB exchange

You can change NT dollars into RMB instead of Taiwanese certificates. China recognizes the new Taiwan dollar. In China, NT dollars belong to foreign exchange and foreign currency, and people can exchange NT dollars into RMB at the Bank of China according to the corresponding proportion. If you want to convert NTD into RMB, you only need to bring your valid ID card to the bank, fill in the relevant documents, and finally pay cash to complete the exchange, or you can use your mobile phone to handle it in online banking, which is more convenient and fast.

Article 2 of the Detailed Rules for the Implementation of the Measures for the Administration of Individual Foreign Exchange shall be subject to the annual gross management of individual foreign exchange settlement and domestic individual foreign exchange purchase. The annual total is equivalent to 50,000 dollars per person per year. The State Administration of Foreign Exchange may adjust the annual total according to the balance of payments.

The settlement and purchase of foreign exchange within the individual's annual total amount shall be handled at the bank with his valid identity certificate; If it exceeds the annual total, it shall be handled in accordance with Articles 10, 11 and 12 of these Rules under the current account, and in accordance with the relevant provisions of "Personal Foreign Exchange Management in Capital Account" of these Rules under the capital account.

Exchange process:

Customers can handle it with their valid identity documents, fill in relevant documents and pay cash.

Valid identification documents include: my ID card (China citizen, household registration book (/kloc-China citizen under 0/6), military ID card (China People's Liberation Army), Armed Police ID card (China People's Armed Police), Hong Kong and Macao residents' mainland travel permit (Hong Kong and Macao residents), mainland travel permit for taiwan residents (Taiwan Province residents) and passport (foreign citizens).

At present, the denominations of NT dollars are: 1, 5, 10, 20, 50; The denomination of paper money is: 100 yuan, 200 yuan, 500 yuan, 1000 yuan, 2000 yuan. The conversion method is: 1 circle = 10 angle = 100 minute.