Central Bank of ChinaThe Central Bank of China (中央銀行) is the
central bank of the Republic of China (on Taiwan). This is not
to be confused with the Bank of China or People's Bank of China
of the People's Republic of China. The bank was first
established under Sun Yat-sen's administration in Guangzhou in
1924. With the Nationalist defeat on the mainland, the bank
relocated to Taipei in 1949 and resumed operations in 1961. The
bank is governed under the Executive Yuan. It is responsible for
issuing the New Taiwan dollar, the common currency of the ROC.
See also: Economy of Taiwan