News dalla rete ITA

16 Novembre 2020

Taiwan

TAIWAN'S FOREX RESERVES SURPASS US$500 BILLION AT END OF OCTOBER

Taipei, Nov. 6 (CNA) Taiwan's foreign reserves at the end of October recorded a new high of over US$500 billion, with the central bank citing an increase in investment returns from its management of the portfolio as the major factor.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.Meanwhile, the value of foreign investor holdings in Taiwanese stocks, bonds, and Taiwan dollar-denominated deposits as of the end of October rose US$7.5 billion from a month earlier to US$496.5 billion.Those holdings represented 99 percent of Taiwan's total foreign exchange reserves as of the end of October, up from 98 percent at the end of September, the central bank's data showed.(By Pan Tzu-yu and Frances Huang) (ICE TAIPEI)


Fonte notizia: Organi di Stampa - Focus Taiwan News Channel