The central bank today announced plans to redesign all New Taiwan dollar banknotes after 24 years in circulation to update certain images, enhance anti-counterfeiting features and introduce more sustainable materials.
It has already been decided that the NT$500 note is to undergo a redesign, central bank Governor Yang Chin-long (楊金龍) said during a report to the Legislative Yuan’s Finance Committee.
Although it represents conservation, it currently features the Formosan sika deer, whose status as a protected species has changed as its numbers have returned to a sustainable level, Yang said.
Photo: CNA
After more than two decades in use, it is necessary to upgrade the banknotes’ anti-counterfeiting features to include dynamic color-shifting and motion effects, the bank said.
The new notes would also use more eco-friendly materials and greener production processes to align with global trends and sustainability goals, it added.
Coins would not be redesigned, as they are of low value and produced in large quantities, it said.
Meanwhile, Yang did not comment on speculation that the new NT$500 bill could feature an updated baseball motif.
The design is to be decided by a specialized advisory committee at the central bank, he said.
In January, President William Lai (賴清德) said he would push for the NT$500 bill’s design to be changed from the baseball players of Taitung County Nan Wang Elementary School to last year’s Premier12-winning national team.
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