Central bank governor may request retirement: legislators
By Linger Liu ,The China PostTAIPEI, Taiwan -- Central Bank of the Republic of China (Taiwan) Governor Perng Fai-nan (彭淮南) may request permission to retire, Kuomintang (KMT) legislators said yesterday after a private discussion with the governor at the Legislative Yuan.
February 1, 2013, 1:01 am TWN
The central bank governor visited members of the Finance Committee of the Legislative Yuan yesterday.
He expressed that he would like to retire from his position, KMT legislators said yesterday.
KMT Legislators Comment on Governor's 15-year Term
KMT Legislators Lu Shiow-yen (盧秀燕) and Lai Shyh-bao (賴士葆) said that Perng made comments regarding his 15-year tenure with the central bank.
Lai said Perng has ensured that the Treasury maintained a strong income flow, with an average annual profit over 10 years of 9.85 percent.
The profit for 2009 reached up to 15 percent, a remarkable record.
Monetary Policy will be Affected
Lu said that Perng's visit to the committee yesterday primarily centered around Chinese yuan-denominated banking services in Taiwan.
She said the governor came to discuss the details regarding policies about setting up Chinese yuan accounts at Taiwan banks, a service scheduled to begin on Feb. 6.
Perng has previously said that the value of Taiwan's currency may be affected by the intensive depreciation of the Japanese yen.
The central bank said that Perng is concerned over Taiwan's monetary policy and the nation's ability to stabilize exports given the strong competition from Japan and South Korea.
According to the central bank, Perng is set to finish his current term on Feb. 25.
He has not made any official statement regarding whether or not he intends to retire from his position.