With its election cycle mostly behind it now, Taiwan is warming up to the Mainland. As part of that thaw in relationships, Taiwan is trying to attract Mainland tourist - along with their yuan renminbi.

When the new Kuomintang government assumes the mantle of power on May 20 from the outgoing Democratic Progressive Party, one of the first acts of the new government looks like it will deal with the yuan. Both Forbes and the China Post are reporting that Taiwan's parliament will remove restrictions on converting the yuan (the currency of the Mainland) into New Taiwan Dollars (NTD).

The change seems to be at least one thing that both political parties can agree on.



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