The Central Bank of the Republic of China (Taiwan), known from 1924 to 2007 as the Central Bank of China and still referred to under the acronym CBC, is the central bank of the Republic of China.
Originally founded in 1924 in Guangzhou, the CBC was expelled from Mainland China by the Chinese Communist Revolution in 1949 and relocated to Taiwan. It took over banknote issuance on the island from the Bank of Taiwan in 1961.
Its legal and common name in Chinese is literally translated as the “Central Bank”. The central bank is administered under the Executive Yuan of the ROC government.
