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Taiwan Central Bank to stop currency from rising on foreign speculative fund flows

Taiwan Central Bank to stop currency from rising on foreign speculative fund flows

Taiwan's Central Bank of China will not let the island's currency rise from foreign speculative fund flows, Gov. Perng Fai-nan said Monday.
In response to a question by a lawmaker on whether Thailand's recent currency appreciation could happen on the island, Perng said he "has sympathy" for the Thai situation, but added it wouldn't occur in Taiwan, which has the world's third-largest foreign exchange reserves.
Perng said foreign investor funds in Taiwan now total US$201.7 billion (


Updated : 2021-06-13 11:35 GMT+08:00