Two banknotes and two coins of the New Taiwan Dollar are infrequently (if at all) used
in Taiwan when people make cash payments. This note examines the effect of this behavior on the
efficiency of cash payments. The results are compared with the Euro, where the two highest and two
lowest tokens are also rarely used. We find for Taiwan that inefficiency increases with 60.7%, while
for the Euro it is only 25.3%. The main reason is that two of the rarely used coins and notes in Taiwan
are in the middle of the denominational range, whereas for the Euro, these tokens concern the ends
of that range