Official: No more excess withdrawals from US defense account

Radio Taiwan International
Date: 2017-10-11

A defense ministry official says there will not be any more excess withdrawals from Taiwan’s defense account at the US Federal Reserve Bank.

Taiwan’s defense ministry set up the account in order to facilitate arms sales transactions with the US. However, the government statistics office recently found that the US has withdrawn more than the agreed amount on the latest arms sales.

Chen Kuo-sheng, the director of the defense ministry’s comptroller bureau, answered lawmaker’s questions about the withdrawal on Wednesday.   [FULL  STORY]

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