Central Bank of the Republic of China (Taiwan)
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This article is about the monetary authority in Taiwan. For the central bank of Mainland China, see People's Bank of China. For the commercial bank, see Bank of China.
The Central Bank of the Republic of China (Taiwan),[2][3] known from 1924 to 2007 as the Central Bank of China and still referred to under the acronym CBC,[4] is the central bank of the Republic of China.
Quick Facts Headquarters, Established ...
Headquarters | Zhongzheng, Taipei |
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Established | 1924 (in Guangzhou) 1928 (in Shanghai) 1949 (in Taipei) |
Ownership | Executive Yuan of the Central Government of the ROC[1] |
Governor | Yang Chin-long |
Central bank of | Republic of China (Taiwan) |
Currency | New Taiwan Dollar TWD (ISO 4217) |
Bank rate | 1.5% (22 May 2016) |
Succeeded by | People's Bank of China (on the mainland) |
Website | cbc.gov.tw (in English) |
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Quick Facts Traditional Chinese, Simplified Chinese ...
Central Bank | |||||||||||||||||||||||||
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Traditional Chinese | 中央銀行 | ||||||||||||||||||||||||
Simplified Chinese | 中央银行 | ||||||||||||||||||||||||
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Originally founded in 1924 in Guangzhou, the CBC was expelled from Mainland China by the Chinese Communist Revolution in 1949 and relocated to Taiwan.[5] It took over banknote issuance on the island from the Bank of Taiwan in 1961.
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]