Approved foreign exchange business in April 2020
Central Bank of the Republic of China （Taiwan）
PRESS RELEASE Release Date: May 12, 2020
Approved foreign exchange business in April 2020
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
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Bank of Communications Taipei Branch to issue foreign currency denominated negotiable certificate of deposits.
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Reappointment of Mega International Commercial Bank as the USD settlement bank for the Foreign Exchange Interbank Clearing System.
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Taishin International Bank to engage in principal protected structured products composed of cross currency swaps between foreign currencies linked to foreign currency principals.
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As of the end of April 2020, there were 3,460 authorized banks, including 3,422 domestic banks, 3 Mainland banks, and 35 foreign banks.