Convert New Taiwan Dollar to Ethiopian Birr
Please provide values below to convert New Taiwan Dollar [TWD] to Ethiopian Birr [ETB], or Convert Ethiopian Birr to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Ethiopian Birr
1 TWD = 0.214912190823582 ETB
Example: convert 15 TWD to ETB:
15 TWD = 15 × 0.214912190823582 ETB = 3.22368286235374 ETB
New Taiwan Dollar to Ethiopian Birr Conversion Table
| New Taiwan Dollar | Ethiopian Birr |
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New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
Ethiopian Birr
The Ethiopian Birr (ETB) is the official currency of Ethiopia, used for all monetary transactions within the country.
History/Origin
The Birr was introduced in 1894, replacing the Maria Theresa thaler, and has undergone various reforms and decimalization over the years to modernize Ethiopia's currency system.
Current Use
Today, the Ethiopian Birr is actively used as Ethiopia's legal tender, with coins and banknotes circulating for everyday transactions and economic activities.