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Central Bank of the Republic of China

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Approved foreign exchange business in August 2020

Central Bank of the Republic of China (Taiwan)
 PRESS RELEASE                                                 Release Date: September 14, 2020
                            
Approved foreign exchange business in August 2020
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
1. Bank of Taiwan, Chang Hwa Commercial Bank, Mega International Commercial Bank, Taiwan Business Bank, First Commercial Bank, Bank of China Taipei Branch , and China Construction Bank Taipei Branch to issue foreign currency denominated negotiable certificate of deposits.
2.  As of the end of August 2020, there were 3,460 authorized banks, including 3,422 domestic banks, 3 Mainland banks, and 35 foreign banks.
 

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