Following the introduction of the NT$200 bill, very few people have chosen to use it. One reason for the low adoption rate is that Chiang Kai-shek’s (蔣介石) image is on the bill and as a form of silent protest many Taiwanese have avoided using it.
As a result of Chiang’s actions following the 228 Incident in 1947 he is known as a butcher in Taiwan.
Outside the Houses of Parliament in London there stands a statue of Oliver Cromwell. When it was first erected, the statue put the cat amongst the pigeons and it still provokes debate to this day, not least because Cromwell, when he assumed the role of lord protector, killed a great number of people.
We can say for certain that Cromwell’s image would never appear on a British bank note.
Although Scotland and Northern Ireland both have the authority to issue their own bank notes and coinage, those issued by the Bank of England are the most widely used in the UK. They feature images of Britain’s most noted academics and greatest political leaders.
Of the bills in circulation, the £5 bill carries an image of World War II leader and recipient of the Nobel Price in Literature, former British prime minister Winston Churchill, while the £10 bill has an image of Jane Austen, who wrote Pride and Prejudice. The £20 bill features an image of Adam Smith, the “father of economics” and author of The Wealth of Nations.
Taiwan should use similar criteria when selecting an image to replace Chiang on its NT$200 bill.
Democracy advocate Deng Nan-jung (鄭南榕) is acknowledged by all Taiwanese as the “father of free speech” in Taiwan. Without his sacrifice of self-immolation in 1989, the nation would not enjoy the freedoms it does today.
If the new NT$200 bill were to feature Deng’s portrait, this would not only provide tangible evidence of transitional justice, it would also resolve the issue of the public’s reluctance to use the bill.
If Taiwanese were reminded daily of Deng’s sacrifice, Chinese Nationalist Party (KMT) Kaohsiung mayoral candidate Han Kuo-yu (韓國瑜) and his ilk would not be able to get away with their shameful argument that freedom of assembly should be restricted to prioritize economic growth.
Despite Germany having the strongest economy of any European nation, German citizens frequently take to the streets en masse to protest against the extremist Alternative for Germany. Striking workers are also a common occurrence in Germany, yet none of this has affected the nation’s economy.
I would like to ask New Taipei City Deputy Mayor Hou You-yi (侯友宜) — who is also the KMT’s New Taipei City mayoral candidate in next Saturday’s elections, and whose actions indirectly led to Deng’s death in 1989 — how he would view the substitution of Chiang for Deng on the NT$200 bill.
Hou was never prosecuted for the criminal liability of his vile actions.
Taiwanese society is very forgiving. In other nations where transitional justice has been implemented, someone such as Hou would not have been allowed to get off scot-free, let alone participate in an election.
Martin Oei is a political commentator based in Germany.
Translated by Edward Jones
In the US’ National Security Strategy (NSS) report released last month, US President Donald Trump offered his interpretation of the Monroe Doctrine. The “Trump Corollary,” presented on page 15, is a distinctly aggressive rebranding of the more than 200-year-old foreign policy position. Beyond reasserting the sovereignty of the western hemisphere against foreign intervention, the document centers on energy and strategic assets, and attempts to redraw the map of the geopolitical landscape more broadly. It is clear that Trump no longer sees the western hemisphere as a peaceful backyard, but rather as the frontier of a new Cold War. In particular,
When it became clear that the world was entering a new era with a radical change in the US’ global stance in US President Donald Trump’s second term, many in Taiwan were concerned about what this meant for the nation’s defense against China. Instability and disruption are dangerous. Chaos introduces unknowns. There was a sense that the Chinese Nationalist Party (KMT) might have a point with its tendency not to trust the US. The world order is certainly changing, but concerns about the implications for Taiwan of this disruption left many blind to how the same forces might also weaken
As the Chinese People’s Liberation Army (PLA) races toward its 2027 modernization goals, most analysts fixate on ship counts, missile ranges and artificial intelligence. Those metrics matter — but they obscure a deeper vulnerability. The true future of the PLA, and by extension Taiwan’s security, might hinge less on hardware than on whether the Chinese Communist Party (CCP) can preserve ideological loyalty inside its own armed forces. Iran’s 1979 revolution demonstrated how even a technologically advanced military can collapse when the social environment surrounding it shifts. That lesson has renewed relevance as fresh unrest shakes Iran today — and it should
On today’s page, Masahiro Matsumura, a professor of international politics and national security at St Andrew’s University in Osaka, questions the viability and advisability of the government’s proposed “T-Dome” missile defense system. Matsumura writes that Taiwan’s military budget would be better allocated elsewhere, and cautions against the temptation to allow politics to trump strategic sense. What he does not do is question whether Taiwan needs to increase its defense capabilities. “Given the accelerating pace of Beijing’s military buildup and political coercion ... [Taiwan] cannot afford inaction,” he writes. A rational, robust debate over the specifics, not the scale or the necessity,