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Taiwan's forex reserves surpass 250b USD
www.chinanews.cn 2005-04-07 13:34:02
Chinanews, Hong Kong, April 5 - Taiwan's "Central Bank" proclaimed on the
4th that foreign reserves for the region broke through the 250 billion US
dollar benchmark to reach 251.135 billion US dollars by the end of March,
4.507 billion more than February, and the biggest monthly growth since
last March. The "Central Bank" pointed out that a mass inflow of foreign
capital and earnings from the investment and utilization of the
preexisting reserves were the major forces behind the increase.
This mass inflow of foreign capital also contributed to the post-lunar
New Year appreciation of the New Taiwan Dollar. The "Central Bank" also
explained the cause of the increase of its foreign reserves in terms of
hot money for the first time.
Taiwan's foreign reserves rank third in the world, following those of
Japan and the Chinese mainland.
E-mail: zhangqinghua@chinanews.com.cn Tel: 8610-88387443 Fax:
8610-68327649
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