Geography of Taiwan and Green Island to the southeast, separated from the northernmost islands of the Philippines by the Bashi Channel. The islands of Kinmen and Matsu near the coast of Fujian across the Taiwan Strait have a total area of ; the Pratas and Taiping islets in the South China Sea are also administered by the ROC, but are not part of the Taiwanese archipelago. The island of Taiwan was formed approximately 4 to 5 million years ago at a complex convergent boundary between the Philippine Sea Plate and the Eurasian Plate. In a boundary running the length of the island and
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