Central Bank of the Republic of China (Taiwan)


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]


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Central Bank of the Dominican Republic — The Central Bank of the Dominican Republic (Spanish: Banco Central de la República Dominicana, BCRD) was established by the Monetary and Banking Law of 1947 as the central bank of the Dominican Republic, responsible for regulating the country s… …   Wikipedia

  • Central Bank of the Democratic People's Republic of Korea — 조선민주주의인민공화국중앙은행 Joseon Minjujueui Inmin Gonghwaguk Jungang Eunhaeng Headquarters Pyongyang Central bank of Democratic People s Republic of Korea Currency North Korean won ISO 4217 Code …   Wikipedia

  • Bank of the Republic of Burundi — Logo The Bank of the Republic of Burundi (French: Banque de la République du Burundi, BRB) is the central bank of Burundi. The bank was established in 1966 and its offices are in Bujumbura. History The central bank evolved step by step: Royal… …   Wikipedia

  • National Bank of the Republic of Macedonia — Logo of the National Bank of the Republic of Macedonia The National Bank of the Republic of Macedonia (Macedonian: Народна банка на Република Македонија, Narodna Banka na Republika Makedonija, NBRM) is the central bank of the Republic of… …   Wikipedia

  • National Bank of the Republic of Abkhazia — Аҧсны Аҳәынҭқарра Амилаҭтә Банк (Abkhaz) Национальный банк Республики Абхазия (Russian) …   Wikipedia

  • Politics of the Republic of China — The politics of the Republic of China (ROC) takes place in a framework of a Semi presidential representative democratic republic, whereby the President is head of state and the premier (President of the Executive Yuan) is head of government, and… …   Wikipedia

  • Conscription in the Republic of China — The Republic of China (Taiwan) has maintained a policy of conscription for all qualified males of military age since 1949. Females from the outlying islands of Fuchien, which are geographically closest to mainland China, were also required to… …   Wikipedia

  • Foreign relations of the Republic of China — Building of the Ministry for Foreign Affairs in Taipei The Republic of China (ROC), commonly known as Taiwan, is recognized by 23 sovereign states. The course of the foreign relations of the ROC is dominated by maintaining diplomatic relations… …   Wikipedia

  • Nationality Law of the Republic of China — Flag of the Republic of China The Nationality Law of the Republic of China (traditional Chinese: 中華民國國籍法; simplified Chinese: 中华民国国籍法; pinyin: Zhōnghuá Mínguó guójí fǎ) …   Wikipedia

  • History of the Republic of China — This article is about the history of the state which currently governs Taiwan Area. For the history of Taiwan, see History of Taiwan For the history of China / Mainland China, see History of China and History of People s Republic of China. A Rand …   Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.