Approved foreign exchange business in April 2022
Central Bank of the Republic of China （Taiwan）
PRESS RELEASE Release Date: May 12, 2022
Approved foreign exchange business in April 2022
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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Taiwan Cooperative Securities Investment Trust Co., Ltd. to handle public offers or private placement of funds denominated in foreign currencies (including Renminbi).
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One branch of one bank to operate the foreign exchange business. As of the end of April 2022, there were 3,462 authorized banks, including 3,424 domestic banks, 3 Mainland banks, and 35 foreign banks.