Central Bank of the Republic of China (Taiwan)

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Central Bank of the Republic of China (Taiwan)
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

The Central Bank of the Republic of China (Taiwan) (CBC; Chinese: 中華民國中央銀行; pinyin: Zhōnghuá Mínguó Zhōngyāng Yínháng),[1][2] known in English from 1924 to 2007 as the Central Bank of China,[3] is the central bank of the Republic of China, now commonly known as Taiwan.[4] 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.[5]


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

File:Central Bank of China (0176).JPG
Central Bank of the Republic of China (Taiwan) headquarters
  • 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


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

See also


  1. Welcome to the Central Bank of the Republic of China (Taiwan)
  2. "Central bank latest to drop 'China' label". Taipei Times. 2007-02-11. Retrieved 2007-02-12.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  3. Introduction to the Central Bank of the Republic of China (English)
  4. "Central Bank of China changes English name". The China Post. 2007-02-11. Retrieved 2007-02-12.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  5. The Law of the Central Bank, 中央銀行法 (Chinese (Taiwan)) (Central Bank Law)

External links