Central Bank's Skillful Management: Taiwan's Foreign Exchange Reserves Hit Record High, Foreign Holdings Soar by 146%

Reported about 1 year ago

Taiwan's foreign exchange reserves reached $573.299 billion at the end of June, with foreign holdings surging to 146%, setting a new record. Despite the depreciation of non-US currencies held by the central bank in June, the reserves still slightly grew by $4.96 billion from the previous month. Foreign investors' holdings of domestic stocks, bonds, and NTD deposits totaled around $837.1 billion at the end of June, equivalent to 146% of the foreign exchange reserves, surpassing the previous high. Major non-US currencies experienced depreciation in June, with the Japanese yen depreciating the most at 2.6%, while the Taiwanese dollar only slightly depreciated by 0.21%.

Source: YAHOO

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