The central bank said yesterday that it would roll out the first batch of a new circulation coin with a nominal value of NT$10 to commemorate the 100th anniversary of the birth of the late president Chiang Ching-kuo (蔣經國) next Tuesday.
The commemorative coin will be circulated with current NT$10 coins upon its issuance and the public can exchange the new currency NT$500 at a time, at local branches of the Bank of Taiwan, the central bank said.
“Fifty million units [of these commemorative coins] will be issued in the first batch,” central bank Governor Perng Fai-nan (彭淮南) told a media briefing, saying that the minting volume would increase depending on public demand.
The governor said that the new coin was designed with anti-counterfeiting features such as two latent images of “Taiwan” and “plum blossom” inscribed inside the Arabic numeral “0” on the reverse face of the coin.
“The image of Taiwan represents the place where we live and the plum blossom is our national flower,” Perng said.
The obverse face of the coin features a portrait of Chiang, below which is inscribed in Chinese, “Centenary of the late President Chiang Ching-kuo” (蔣故總統經國先生百年誕辰紀念), he said.
The central bank plans to issue three other kinds of commemorative coins, including the Chiang Wei-shui (蔣渭水) NT$10 commemorative coin in August, the 100th year of the Republic of China (ROC) NT$10 coin next January and the ROC centennial commemorative silver coin in October next year.
DIVIDED VIEWS: Although the Fed agreed on holding rates steady, some officials see no rate cuts for this year, while 10 policymakers foresee two or more cuts There are a lot of unknowns about the outlook for the economy and interest rates, but US Federal Reserve Chair Jerome Powell signaled at least one thing seems certain: Higher prices are coming. Fed policymakers voted unanimously to hold interest rates steady at a range of 4.25 percent to 4.50 percent for a fourth straight meeting on Wednesday, as they await clarity on whether tariffs would leave a one-time or more lasting mark on inflation. Powell said it is still unclear how much of the bill would fall on the shoulders of consumers, but he expects to learn more about tariffs
NOT JUSTIFIED: The bank’s governor said there would only be a rate cut if inflation falls below 1.5% and economic conditions deteriorate, which have not been detected The central bank yesterday kept its key interest rates unchanged for a fifth consecutive quarter, aligning with market expectations, while slightly lowering its inflation outlook amid signs of cooling price pressures. The move came after the US Federal Reserve held rates steady overnight, despite pressure from US President Donald Trump to cut borrowing costs. Central bank board members unanimously voted to maintain the discount rate at 2 percent, the secured loan rate at 2.375 percent and the overnight lending rate at 4.25 percent. “We consider the policy decision appropriate, although it suggests tightening leaning after factoring in slackening inflation and stable GDP growth,”
Meta Platforms Inc offered US$100 million bonuses to OpenAI employees in an unsuccessful bid to poach the ChatGPT maker’s talent and strengthen its own generative artificial intelligence (AI) teams, OpenAI CEO Sam Altman has said. Facebook’s parent company — a competitor of OpenAI — also offered “giant” annual salaries exceeding US$100 million to OpenAI staffers, Altman said in an interview on the Uncapped with Jack Altman podcast released on Tuesday. “It is crazy,” Sam Altman told his brother Jack in the interview. “I’m really happy that at least so far none of our best people have decided to take them
PLANS: MSI is also planning to upgrade its service center in the Netherlands Micro-Star International Co (MSI, 微星) yesterday said it plans to set up a server assembly line at its Poland service center this year at the earliest. The computer and peripherals manufacturer expects that the new server assembly line would shorten transportation times in shipments to European countries, a company spokesperson told the Taipei Times by telephone. MSI manufactures motherboards, graphics cards, notebook computers, servers, optical storage devices and communication devices. The company operates plants in Taiwan and China, and runs a global network of service centers. The company is also considering upgrading its service center in the Netherlands into a
RSS