By: Pan Tzu-yu and Frances Huang
Central bank data showed the country's forex reserves at the end of October at US$501.24 billion, up US$1.64 billion from a month earlier and breaching the US$500 billion mark for the first time.
Speaking to reporters Thursday, Henry Yen (顏輝煌), head of the bank's Foreign Exchange Department, said the bank's management of the forex reserves had boosted investment returns.
In October, Taiwan retained its place as holding the fifth largest forex reserves in the world, after China (US$3.14 trillion), Japan (US$1.31 trillion), Switzerland (US$945.5 billion), and India (517.5 billion), according to the central bank. [FULL STORY]