Original: In English usage the New Taiwan Dollar is often abbreviated as NT, NT$, NT Dollar or NTD, while the abbreviation TWD is typically used in the context of foreign exchange rates. Subdivisions of a New Taiwan Dollar are rarely used, since practically all products on the consumer market are being sold at whole dollars.
Simplified: The New Taiwan dollar (currency code TWD and common abbreviation NT$), or simply Taiwan dollar, is the official currency of Taiwan.