Taiwan forex record
NZPA-Reuter Taipei Taiwan’s foreign exchange reserves, buoyed by rising exports and bank interest earnings, hit a record SUS 44 billion last Saturday and are expected to exceed SUS4S billion this year, the Central Bank said.
A bank official told
Reuters the reserves, mainly in US dollars, more than doubled the SUS2I.7 billion (5NZ42.9 billion) at the same time last year and compared with SUS 43 billion in November. He attributed the increase to purchases of aboufl) SUSI.S billion by the Central Bank on the
local interbank market and some SUSIOO million in interest earned from reserves deposited in the United States and elsewhere during the past two weeks. But about SUS6OO million were during the same period used to repay foreign debts,
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Press, 18 December 1986, Page 38
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125Taiwan forex record Press, 18 December 1986, Page 38
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