- Central Bank of the Republic of China (Taiwan)
The Central Bank of the Republic of China [ [http://www.cbc.gov.tw/cbcext/cbcext_eng/index.htm Central Bank of the Republic of China] en] [ [http://www.cbc.gov.tw/cbcext/cbcext_eng/ShowMaster.php?LawID=LA01000 The Central Bank of the Republic of China (ROC) Act] en] , formerly known in English as the Central Bank of China, [ [http://www.cbc.gov.tw/secretariant/data/e_introduction.pdf Introduction to the Central Bank of the Republic of China] en] is the
central bankof the Republic of China(ROC). [cite news
title=Central Bank of China changes English name
The China Post
2007-02-11|accessdate=2007-02-12] Its legal and common name in Chinese (in Taiwan and elsewhere) is simply the "Central Bank"(zh-tp|t=中央銀行|p=Zhōngyāng Yínháng). [cite news
title=Central bank latest to drop 'China' label
accessdate=2007-02-12] The central bank is governed under the
Executive Yuan. [ [http://www.cbc.gov.tw/cbcext/chlink.php?LawID=LA01001 The Law of the Central Bank, 中央銀行法] zh-tw ("Central Bank Law")] It should not be confused with the Bank of China, or People's Bank of China, which are, respectively, a commercial bank and the central bank of the People's Republic of Chinaon the Chinese mainland.
The bank was established under
Sun Yat-sen's administration in Guangzhouin 1924. Following the success of the Northern Expedition, the Central Bank took over the role of acting as the central bank of the Republic of Chinafrom the Bank of Chinain 1928, with its headquarters in Shanghai. Before 1949, it was one of the "Big Four" national banks of China.
After the loss of the mainland in the
Chinese Civil Warby the Kuomintangand its subsequent retreat to Taiwan in 1949, the Central Bank of China also moved along with the government to Taiwan. However, until the Central Bank of China was re-established in 1961, the Bank of Taiwanacted as a de facto central bank. The Bank of Taiwan also issued the New Taiwan dollaruntil 2000, when the Central Bank of China finally took over.
List of banks in Taiwan
Republic of China
Economy of Taiwan
New Taiwan dollar
Central Mint of China
China Engraving and Printing Works
* [http://www.cbc.gov.tw/ Central Bank of the Republic of China official site] zh-tw
* [http://www.cbrates.com/ cbrates.com: Central Bank Rate Decisions and Monetary Meetings]
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