Travellers heading to Taiwan may soon notice a new look to the country’s cash. The Central Bank of the Republic of China (Taiwan) has announced a complete redesign of New Taiwan dollar banknotes – the first major update in 24 years.
Governor Yang Chin-long told the legislature’s Finance Committee that the overhaul will enhance anti-counterfeiting features, improve accessibility and meet sustainability standards. All five denominations – NT$100, NT$200, NT$500, NT$1,000 and NT$2,000 – will be redesigned, though coins will remain unchanged.
“Updating the notes is essential to safeguard the integrity of the national currency and ensure transaction safety,” Yang said.
The new series will feature colour-shifting inks, motion effects and larger numerals for better visibility. Tactile markings will also be enhanced to help visually impaired users identify denominations.
The central bank plans to use more environmentally friendly materials and processes, aligning the redesign with Taiwan’s net zero transition policy.
A “New Taiwan Dollar Banknote Theme Advisory Committee” will consult experts and the public on the new motifs. Yang confirmed that the Formosan sika deer, currently on the NT$500 note, will be replaced as “its original ecological symbolism [is] less relevant.”
The first redesigned note is expected to be issued about two-and-a-half years after the theme selection process concludes, with other denominations to follow gradually. Both old and new notes will circulate together for several years, ensuring a smooth transition for locals and visitors alike.
For travellers still holding older NT dollar notes from past visits, there’s no need to worry – they’ll remain valid for use and exchange during the rollout period.