Approved foreign exchange business in April 2021
Central Bank of the Republic of China （Taiwan）
PRESS RELEASE Release Date: May 13, 2021
Approved foreign exchange business in April 2021
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
-
Bank of Communications Taipei Branch to issue foreign currency denominated negotiable certificate of deposits.
-
Reappointment of Mega International Commercial Bank as the settlement bank of foreign currencies other than USD, RMB, JPY and EUR.
-
President Securities to engage in spot foreign exchange transactions related to the securities business.
-
As of the end of April 2021, there were 3,464 authorized banks, including 3,426 domestic banks, 3 Mainland banks, and 35 foreign banks.