Central Bank of the Republic of China (Taiwan)

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Central Bank of the Republic of China (Taiwan) 中央銀行（中華民國）
Central Bank of the Republic of China logo CBC Headquarters at No. 2, Sec. 1, Roosevelt Rd., Taipei, 10066, Taiwan, Republic of China
Headquarters	Taipei, Taiwan, Republic of China
Established	1928 (Shanghai)
Governor	彭淮南 Fai-Nan Perng
Central Bank of	Republic of China
Currency	New Taiwan Dollar
ISO 4217 Code	TWD
Base borrowing rate	1.5% (8 Jan 2009)
Website	www.cbc.gov.tw (Chinese) (English)
Two banks were named "Central Bank of China" in English and "中央銀行" in Chinese. The one created in 1924 in Guangzhou by the Kuomintang (KMT) prior to the Northern Expedition has no relation to the current bank which was formed in 1928 in Shanghai after the Kuomintang unified China under a Nationalist government. It is possible that the Guangzhou bank was merged into the Kwangtung Provincial Bank. [1]

Central Bank (Republic of China)
Traditional Chinese:	中央銀行(中華民國)
Simplified Chinese:	中央银行(中华民国)
Transliterations Mandarin - Hanyu Pinyin: Zhōngyāng Yínháng (Zhōnghuá Mín'guó)

This article contains Chinese text. Without proper rendering support, you may see question marks, boxes, or other symbols instead of Chinese characters.

The Central Bank of the Republic of China (Taiwan) ^[2][3], formerly known in English as the Central Bank of China, ^[4] is the central bank of the Republic of China (ROC). ^[5] Its legal and common name in Chinese is literally translated as "Central Bank" (中央銀行). The central bank is governed under the Executive Yuan.^[6]

The bank was established under Sun Yat-sen's administration in Guangzhou in 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 China from the Bank of China in 1928, with its headquarters in Shanghai. Before 1949, it was one of the "Big Four" national banks of China.

After the loss of mainland China in the Chinese Civil War by the Kuomintang (KMT) and 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 Taiwan acted as a de facto central bank. The Bank of Taiwan also issued the New Taiwan dollar until 2000, when the Central Bank of China finally took over. In 2000, the Central Bank of China was renamed to "Central Bank of the Republic of China (Taiwan)".

[edit] See also

• Central Mint of China
• Republic of China
• Taipei
• New Taiwan dollar
• China Engraving and Printing Works
• Economy of Taiwan
• List of banks in Taiwan
• People's Bank of China

[edit] References

[edit] External links

• Central Bank of the Republic of China official site (Chinese (Taiwan))

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