Reform of Taiwan cb board may improve independence

TAIWAN - Taiwan's cabinet has submitted a reform plan for the board of directors at the Central Bank of China, which focuses on the bank's independent status.

Once the amendment is passed by the legislature, the central bank will maintain its supervisory rights to examine policies concerning money, credit and foreign exchange.

To ensure the exercise of such rights, independent bodies have argued that special attention must be paid to the role and function of the bank's board of directors.


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