Focus Taiwan
Date: 2017/01/05
By: Chiu Po-sheng and Frances Huang
Taipei, Jan. 5 (CNA) Taiwan’s foreign exchange reserves as of the end of December fell for the third
As of the end of December, Taiwan’s forex reserves totaled US$434.20 billion, down US$144 million from a month earlier since the euro fell about 1 percent against the U.S. dollar in the month, the central bank said.
The bank said that the return from its management of the forex reserves was offset by a weaker euro when the assets denominated by the European currency were calculated in U.S. dollar.
Foreign investors owned a total of US$299.6 billion worth of local securities, bonds, as well as Taiwan dollar-denominated deposits as of the end of December, down US$4.2 billion or 1 percent from the end of November. [FULL STORY]