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The New Taiwan Dollar (TWD) is the official currency of Taiwan, serving as a medium of exchange for goods and services within the island nation. It is issued by the Central Bank of the Republic of China (Taiwan) and is subdivided into smaller units called cents, with one dollar equal to 100 cents.
The United States Dollar (USD) is the official currency of the United States and is widely used as a global reserve currency. It plays a crucial role in international trade and finance, serving as a standard unit of account for many countries around the world.