Flag of the Republic of China sovereign independent country of the Republic of China (ROC) to the island of Taiwan. On the mainland, the communist forces of Mao Zedong established the People's Republic of China and adopted their own national flag. On October 23, 1954, the National Emblem and National Flag of the Republic of China Act () was promulgated by the Legislative Yuan to specify the size, measure, ratio, production, and management of the flag. While public display of the ROC flag is generally frowned upon, and may even lead to arrest in the PRC, Cambodia was the first country to outlaw it officially. In
Central Bank of the Republic of China (Taiwan) bank in 1961, the Bank of Taiwan acted as the "de facto" central bank in Taiwan. On 8 November 1979, the newly revised Central Bank of China Act was promulgated. The Bank of Taiwan issued the New Taiwan dollar until 2000, when the Central Bank of China finally took over the task. In 2000 the English name of the Central Bank of China was renamed Central Bank of the Republic of China (Taiwan) along with a host of other renamings under the Chen Shui-bian administration of state-owned corporations with "China" in their name, such as the Chunghwa Post. The headquarters