Central bank announces banknote redesign plansBy Chen Mei-ying and Jake Chung / Staff reporter, with staff writerConsidering that most countries issue more than five denominations of banknotes, the central bank has decided to redesign all five denominations, the bank said as it prepares for the first major overhaul of the banknotes in more than 24 years. Central bank Governor Yang Chin-lung (楊金龍) is expected to report to the Legislative Yuan today on the bank’s operations and the redesign’s progress. The central bank would continue to print NT$200 and NT$2,000 notes, the report said, citing advantages in cost efficiency and environmental impact. Before the new notes enter circulation, the bank would coordinate upgrades and adjustments to ATM systems, a process expected to take up to six months, it added. The current edition of bank notes, the fifth set to be printed, began circulation in July 2000.

Source: Taipei Times March 29, 2026 17:13 UTC