Central Bank of the Republic of China (Taiwan)

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
Headquarters	Taipei, Taiwan
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
Traditional Chinese	中央銀行
Simplified Chinese	中央银行
Transliterations Mandarin - Hanyu Pinyin Zhōngyāng Yínháng

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], known in English from 1924 to 2007 as the Central Bank of China, ^[4] is the central bank of the Republic of China (Taiwan). ^[5] Its legal and common name in Chinese is literally translated as the "Central Bank". The central bank is administered under the Executive Yuan of the ROC government.^[6]

The bank was originally established in 1924 under Sun Yat-sen's administration in Guangzhou. Following the success of the Northern Expedition, the Central Bank took over the role of central bank for China from the Bank of China in 1928, with its headquarters in Shanghai. Before 1949, it was one of China's "Big Four" national banks, along with the Bank of China, Bank of Communications, and Farmers Bank 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. Until it was re-established as central bank in 1961, the Bank of Taiwan acted as the de facto central bank in Taiwan. The Bank of Taiwan issued the New Taiwan dollar until 2000, when the Central Bank of China finally took over the task. In 2000 the English name of the Central Bank of China was renamed "Central Bank of the Republic of China (Taiwan)" along with a host of other renamings under the Chen Shui-bian administration of state-owned corporations with "China" in thair name, such as the Chunghwa Post.

[edit] See also

• Central Mint of China
• China Engraving and Printing Works
• Economy of Taiwan
• List of banks in Taiwan

[edit] References

[edit] External links

• Central Bank of the Republic of China official site (Chinese (Taiwan))
• ‘Global Finance’ gives central bank governor an A-bringing the total number of A’s he has received to six since 1998

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