Currency

The currency used in the Republic of China is the New Taiwan Dollar (NT$). As of 1998, the exchange rate was close to NT$33 to US$1. Foreign currencies can easily be exchanged for local NT$ at most banks, hotels, and even some departmental stores. After any transaction, be sure to keep the receipts if you want to exchange unused NT$ before departure.

Taiwan notes come in the form of NT$100, 500, and 1,000. Coins are available in denominations of NT$1, 5, 10, 50, and 100.

Traveler's checks and major credit cards are accepted in most places on the island. Among them are American Express, Carte blanche, MasterCard, Diners Club, and Visa.

What to wear

As Taiwan has four seasons, appropriate clothing should match the right season.

In the summer, pack light and loose clothing, preferably cotton, casual sportswear, and comfortable walking shoes. If it is a business trip, bring a jacket and tie, though the weather may be too hot for that type of attire. Most Chinese businessman choose to wear leisure suits with open collars to beat the heat.

Winter in Taiwan is a bone-chilling experience. Be sure to prepare enough woolens, sweaters, jackets, pants, and socks to overcome the frosty weather. You may also want to include a rain-gear as thunderstorms can appear out of the blue.

Airport Tax

When departing Taiwan, an airport tax of NT$300 must be paid and the receipt kept when checking-in to the departure hall.

Medical Services

It does not cost much to get medical treatment and dental care in Taipei. This does not mean, however, that the services are not as good or efficient as in some other countries. In fact, the quality of medical services here is superb and up-to-date.

Tipping

It is not really necessary to give tips in Taiwan. However, a small tip for bellboys or taxi drivers would sometimes be much appreciated. Hotels normally include a 10 percent service charge to the room rates and meals. Heavy tips are expected at wine-houses and dance-halls.

Business Hours

Most businesses and service sectors are open at 9 a.m. Banks open from 9 a.m. to 3:30 p.m. (Monday-Friday) and from 9 a.m. to noon on Saturdays. Commercial firms begin work at 9 a.m. and end at 5:30 p.m. Some commercial firms operate half-day on Saturdays.

Departmental stores open daily from 10:30 a.m. to 9:30 p.m. while smaller stores open from 9 a.m. to 10 p.m. Government sectors start from 8:30 a.m. to 12:30 p.m. with a one hour break and continue to 5:30 p.m. (Monday-Friday). They are also open from 8:30 a.m. to 12:30 p.m. on Saturdays.