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 bank of the Republic of China (ROC). [cite news
title=Central Bank of China changes English name
url=http://www.chinapost.com.tw/news/archives/front/2007211/102268.htm
publisher=The China Post
date=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
url=http://www.taipeitimes.com/News/front/archives/2007/02/11/2003348509
publisher=Taipei Times
date=2007-02-11
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 China on the Chinese mainland.

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 the mainland in the Chinese Civil War by the Kuomintang 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.

ee also

*List of banks in Taiwan
*Republic of China
*Economy of Taiwan
*Taipei

*New Taiwan dollar
*Central Mint of China
*China Engraving and Printing Works

References

External links

* [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]