Regulations Governing the Issuance of New Taiwan Dollar by the Central Bank of the Republic of China (Taiwan)

Jump to the main content block

Laws and Regulations Database of the Central Bank of the Republic of China-Article Content

Article Content

[Related Regulations]

[Related Circulars]

Title：

Regulations Governing the Issuance of New Taiwan Dollar by the Central Bank of the Republic of China (Taiwan)

Amended Date： January 26, 2000

[Print]

[Print-NoSerialNumber]

Article 1

These Regulations are specially adopted for the purpose of issuing the currency of the Republic of China (Taiwan) ("ROC") by the Central Bank of the Republic of China (Taiwan) ("the Bank") pursuant to Article 13, Paragraph 1 of the Central Bank of the Republic of China (Taiwan) Act.

Article 2

The currency of the ROC is the New Taiwan dollar ("NT dollar"), which shall be governed by these Regulations in addition to the provisions of the Central Bank of the Republic of China (Taiwan) Act applicable to the national currency.

[Authorized Regulations]

Article 3

The Bank may, when necessary, delegate management of matters connected with the issuance of NT dollar to other appropriate banks. Relevant regulations shall be prescribed by the Bank.

Article 4

[Related Regulations]

[Related Circulars]

[Authorized Circulars]

Any holder of NT dollar may purchase foreign exchange in accordance with the law and regulations governing foreign exchange promulgated by the government. Limitations on the amount of NT dollar that may be brought into or taken out of the ROC shall be prescribed and publicly announced by the Bank. Application shall be made to the Bank for approval of any amount in excess of the prescribed limits; holders shall be required to show the approval for inspection in bringing such amounts in or out.

NT dollar may not be mailed into or out of the ROC, provided that with approval by the Bank for special cases, this restriction shall not apply.

Article 5

[Related Regulations]

NT dollar may not be counterfeited, altered, or deliberately damaged; nor may NT dollar be copied, nor copies thereof be sold or publicly displayed. NT dollar coinage may not be destroyed with intent of profit. Violators will be punished under provisions governing interference with the national currency and other applicable law or regulations.

For any violation of Article 4 regarding bringing or mailing NT dollar into or out of the ROC, the portion exceeding the prescribed limits or mailed in violation of prohibition shall be withdrawn from transportation.

Article 6

These Regulations shall take effect on July 1, 2000.