The New Taiwan Dollar is confirmed to be redesigned! Issuance in 2028, saying goodbye to Sun Yat-sen, Chiang Kai-shek, and the Formosan sika deer.

The Central Bank has finalized the schedule for the new Taiwan Dollar revision, issuing “green banknotes” starting in 2028, which combine anti-counterfeiting features, sustainability, and user-friendly design. The designs on the banknotes will not include past political figures. (Background: South Korea has introduced a “destructive housing policy” where the loan amount for high-priced housing is less than 10%. Should Taiwan learn from this?) (Supplementary background: Taiwan's Odin Group experienced a “big pump and circuit breaker” on NASDAQ, followed by a rapid price drop.) The Central Bank of Taiwan announced that a brand new version of the New Taiwan Dollar banknotes will be issued, differing from the past simple change of patterns. Central Bank Governor Yang Chin-long announced on the 23rd in the Legislative Yuan that the New Taiwan Dollar will be revised in batches starting in 2028, focusing on the concept of environmentally friendly green banknotes, integrating advanced anti-counterfeiting technology, low-carbon production processes, and user-friendly design, which can better combat counterfeiting and illegal funding issues. Anti-counterfeiting technology upgrade The current New Taiwan Dollar has been in circulation for 24 years, and counterfeiting methods have continuously evolved. The new banknotes are expected to fully adopt multi-layered anti-counterfeiting designs, including color-changing ink, three-dimensional light and shadow, dynamic color-changing strips, security window lines, and digital watermark printing. The public can quickly identify them with the naked eye or simple counterfeit detection pens. The Central Bank estimates that the average cost of each new banknote will increase by about 1.5 NT dollars, but this will result in higher transaction trust and social security. Against the backdrop of central banks worldwide promoting “green banknotes,” Taiwan's new banknotes will be the first to use recyclable cotton fiber paper and low-pollution inks, along with a recycling mechanism to reduce carbon emissions and chemical waste. This move makes the banknotes themselves part of the ESG initiative and conveys Taiwan's determination to achieve carbon neutrality. User-friendly design The new banknotes will enhance care for the elderly and visually impaired in their design details. The denomination font size will be enlarged, and tactile markings will be added, with color blocks more distinctly layered to improve recognition convenience. To lower conversion costs, the dimensions, main colors, and materials will largely remain the same, allowing ATMs, cash registers, and vending machines to undergo a “painless upgrade.” The Central Bank stated that this approach could shorten the social adaptation period and avoid a one-time disposal of financial-related hardware. How will the 500 NT dollar design change? In addition to technical and environmental issues, the adjustment of the 500 NT dollar banknote image has also become a focal point. The current back design features a Formosan sika deer, which was chosen as a conservation symbol at the time, and now that the population of Formosan sika deer has rebounded, it is no longer an endangered species. Yang Chin-long emphasized that the 500 NT dollar “must be changed,” and the specific design will be decided by the banknote theme advisory committee, with political figures also not appearing on the new version of the New Taiwan Dollar. The animal patterns will reflect contemporary society's understanding of ecology, and the revision presents a good opportunity for rethinking. Outside speculation suggests that new elements may be related to baseball culture or other social issues, but the final answer remains to be revealed. The current revision progress has entered the stages of theme discussion and anti-counterfeiting planning, with design confirmation expected to be completed by the end of 2026, followed by sample printing and durability testing. The Central Bank anticipates that the first batch of denominations will officially circulate in 2028, with other denominations following suit. Coins will remain unchanged due to their low denominations and large stock. In an era where digital payments and Central Bank Digital Currency (CBDC) are becoming part of daily life, new banknotes are no longer just a Medium of Exchange; they carry demonstrations of anti-counterfeiting technology, sustainable concepts, and cultural narratives. When “green banknotes” enter the public's wallets starting in 2028, it will also represent a synchronous upgrade of Taiwan's monetary system along the axes of security, environment, and society. Related reports Please collect a bit more money! Oracle's founder reveals: Pleaded with Jen-Hsun Huang to hand over AI chips with Musk holding banknotes. Virtual currency fake investments raking in hundreds of millions, the main suspect of the fraud team escapes to the rooftop with “k banknotes raining down.” <The New Taiwan Dollar's revision is confirmed! Issuing in 2028, saying goodbye to Sun Yat-sen, Chiang Kai-shek, and Formosan sika deer> This article was first published in BlockTempo, the most influential blockchain news media.