Forex reserves at end-2017 continues to hit high

Focus Taiwan
Date: 2018/01/05
By: Chiu Po-sheng and Frances Huang

Taipei, Jan. 5 (CNA) Taiwan’s foreign exchange reserves at the end of 2017 kept hitting a new high after returns on funds managed by the central bank increased from a month earlier, the bank’s data showed Friday.

In addition, the appreciation of the euro, which is part of the central bank’s portfolio in managing its forex reserves, also contributed to the growth in the month, the central bank’s data indicated.

At the end of December, the country’s forex reserves totaled US$451.5 billion, up US$1.03 billion from the end of November.

It was the ninth consecutive month for Taiwan to report a record high in forex reserves, the central bank’s data showed.    [FULL  STORY]