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Foreign Exchange Reserves Rise Back Above US$600bn
Reserves rose $5.6 billion in April as the central bank bought dollars to curb Taiwan dollar gains and foreign inflows surged, officials said.
Summary by Taipei Times
2 Articles
2 Articles
Taiwan's forex reserves top US$600 billion amid market intervention
Taipei, May 6 (CNA) Taiwan's foreign exchange reserves at the end of April returned to growth, topping US$600 billion once again, as the central bank stepped in to prevent the Taiwan dollar from rising against the U.S. dollar too rapidly, according to the bank.
·Taiwan
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Total News Sources2
Leaning Left2Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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