Central Bank of the Republic of China (Taiwan)

Not to be confused with People's Bank of China, Bank of China, National Bank of China, or Bank of Taiwan.

Central Bank of the Republic of China
中華民國中央銀行

File:Central Bank of China logo.jpg
Headquarters	Zhongzheng, Taipei
Established	1924 (in Guangzhou) 1928 (in Shanghai) 1961 (in Taiwan)
Governor	Perng Fai-nan
Central bank of	Republic of China
Currency	New Taiwan Dollar TWD (ISO 4217)
Bank rate	1.5% (8 Jan 2009)
Website	www.cbc.gov.tw

Central Bank
Traditional Chinese	中央銀行
Simplified Chinese	中央银行
Transcriptions Standard Mandarin Hanyu Pinyin Zhōngyāng Yínháng Bopomofo ㄓㄨㄥ ㄧㄤ ㄧㄣˊ ㄏㄤˊ Gwoyeu Romatzyh Jong'iang Ynharng Wade–Giles Chung¹-yang¹ In²-Hang² Tongyong Pinyin Jhongyang Yínháng MPS2 Jūngyāng Yínháng Hakka Romanization Tûng-ông Ngiùn-hòng Southern Min Hokkien POJ Tiong-iang-gîn-hâng Tiong-iong-gûn-hâng

The Central Bank of the Republic of China (Taiwan) (CBC; Chinese: 中華民國中央銀行; pinyin: Zhōnghuá Mínguó Zhōngyāng Yínháng), known in English from 1924 to 2007 as the Central Bank of China, is the central bank of the Republic of China, commonly known as Taiwan. 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.

History

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 their name, such as the Chunghwa Post.

Organizational structure

Central Bank of the Republic of China (Taiwan) headquarters

Department of Banking

Department of the Treasury

• Department of Banking
• Department of Issuing
• Department of Foreign Exchange
• Department of the Treasury
• Department of Financial Inspection
• Department of Economic Research
• Secretariat
• Department of Accounting
• Department of Information Management
• Personnel Office
• Ethics Office
• Legal Affairs Office
• New York Representative Office
• London Representative Office

List of Governors

• Perng Fai-nan (25 February 1998 –)

Transportation

The headquarters building is accessible within walking distance north-west from Chiang Kai-shek Memorial Hall Station of the Taipei Metro.

See also

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

External links

• Central Bank of the Republic of China official site Template:Zh-tw
• ‘Global Finance’ gives central bank governor an A-bringing the total number of A’s he has received to six since 1998
• Central Bank Rates worldwide: Taiwan Rates, monetary meetings, central banks