2005-09-30

Added · Updated

Regulations Governing the Issuance of Gold and Silver Coins and Commemorative Notes and Coins

The Central Bank of the Republic of China (Taiwan) determines the theme, denomination, composition, form, and design of gold and silver coins and commemorative notes and coins, subject to approval by the Executive Yuan. Themes are restricted to important national ceremonies or holidays, major international events hosted by the country, or other events of special significance for the country. These items are issued on a non-periodic basis in fixed quantities, with legal tender values limited to their denominations while allowing sales at higher prices. State-owned financial institutions may be entrusted with distribution, and a special account handles related matters with surpluses listed as special reserve and shortfalls covered from that reserve.

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Title:

Regulations Governing the Issuance of Gold and Silver Coins and Commemorative Notes and Coins

Announced Date: February 09, 1990

Amended Date: September 30, 2005

[Print]

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Article 1

These Regulations are prescribed pursuant to Paragraph 1, Article 18-3 of the Central Bank of the Republic of China (Taiwan) Act.

[Related Regulations]

Article 2

Matters related to the issuance of gold and silver coins, and commemorative notes and coins on which these Regulations are silent shall be governed by the Regulations Governing the Issuance of the New Taiwan Dollar by the Central Bank of the Republic of China (Taiwan).

Article 3

Commemorative notes may be printed on banknote paper or on other printing stock.

Commemorative coins may be minted from gold, silver, or other metallic material.

Article 4

Weights of gold and silver coins shall be expressed in troy ounce, with the weight in grams given in accompanying notes.

[Authorized Circulars]

Article 5

The theme, denomination, composition, form, and design of gold and silver coins, and commemorative notes and coins issued shall be prepared and determined by the Central Bank of the Republic of China (Taiwan), and shall be submitted to the Executive Yuan for approval.

The theme as prescribed in the preceding Paragraph is limited to important ceremonies or holidays of our country, major international events hosted by our country, or other events of special significance for our country.

Article 6

Gold and silver coins, and commemorative notes and coins will be issued on a non-periodic basis and in fixed quantities.

Article 7

The legal tender values of gold and silver coins, and commemorative notes and coins shall be limited to their denominations, but such coins and notes may be sold or resold at prices higher than their denominations.

Article 8

State-owned financial institutions may be entrusted with the distribution of gold and silver coins, and commemorative notes and coins.

Article 9

A special account shall be established for handling matters related to gold and silver coins, and commemorative notes and coins. All surpluses in such accounts shall be listed as special reserve, and all shortfalls in such accounts shall be made up from special reserve.

Article 10

These Regulations shall come into force on the day of promulgation, except for Article 2, which was amended and promulgated on April 15, 2000 and take effect on July 1, 2000.

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