Act Governing Relations between the People of the Taiwan Area and the Mainland Area Article 38

Coins and notes issued in the Mainland Area may not be brought into or taken out of the Taiwan Area except that their amounts are not more than the amount limit prescribed by the Financial Supervisory Commission of the Executive Yuan. Where the amounts exceed the prescribed limit, the passengers shall declare the amounts voluntarily to and deposit with the Customs. The deposited monies may be taken out when the passengers leave the Taiwan Area.The Financial Supervisory Commission of the Executive Yuan, in conjunction with the Central Bank of the Republic of China, may formulate rules permitting coins and notes issued in the Mainland Area to be brought into or taken out of the Taiwan Area.The relevant provisions of the Foreign Exchange Control Act shall apply mutatis mutandis to the administration in the Taiwan Area of the coins and notes issued by the Mainland Area after the Taiwan Area and the Mainland Area sign any bilateral currency settlement agreement or establish any bilateral currency settlement mechanism.Before the signing of the bilateral currency settlement agreement or the establishment of the bilateral currency settlement mechanism stipulated in the preceding Paragraph, the rules governing the administration and currency settlement in the Taiwan Area of the coins and notes issued by the Mainland Area shall be drafted by the Central Bank of the Republic of China in conjunction with the Financial Supervisory Commission of the Executive Yuan.The prescribed limit referred to in Paragraph 1 shall be prescribed by the Financial Supervisory Commission of the Executive Yuan by order.