tag:blogger.com,1999:blog-8863461026990087355.post8313263134055658687..comments2017-11-06T14:47:22.419-06:00Comments on US Taiwan Defense Command: Bank of Taiwan (BOT) Housing ConversationDonhttp://www.blogger.com/profile/01071798130626903767noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8863461026990087355.post-85011741783897934412011-06-30T02:26:53.894-05:002011-06-30T02:26:53.894-05:00>I don't know how BOT came to be the ROC ag...>I don't know how BOT came to be the ROC agency chosen to build and run the housing compounds<br /><br />BOT was ordered by the ROC government to be responsible for the acquisition of the lands and the build-up of the houses. I suppose the reason why BOT was chosen for the job is that it was the only large-scale government-related bank in Taiwan in the early 1950s.<br /><br />http://www.bot.com.tw/English/BankProfiles/EHistory/Pages/default.aspx BOT History<br />During its formative years, the BOT managed the business of the national treasury, issued currency in the Taiwan area, and carried out many of the functions of a central bank. In the early years following the central government's move to Taiwan in 1949, it acted as agent in carrying out most of the functions of the Central Bank of China (CBC), thus giving it a dual character; that of a central bank, as well as a general commercial bank.Victornoreply@blogger.com