By: Pan Chi-i and Lauren Hung
Taipei, Aug. 6 (CNA) Taiwan’s foreign exchange reserves increased by US$545 million to US$421.96 billion as of the end of July, according to a statement issued by the Central Bank Wednesday.
The bank attributed the increase mainly to profits generated by investments made with the nation’s foreign exchange reserves.
The balances of stocks, bonds and deposits denominated in New Taiwan Dollars held by foreign investors was US$ 277.6 billion as of the end of July, accounting for 66 percent of Taiwan’s foreign exchange reserves, the central bank added. [FULL STORY]