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Forex reserves hit second record high within month
Central News Agency
2014-04-03 11:37 PM
Taipei, April 3 (CNA) Taiwan's foreign exchange reserves hit US$419.19 billion in late March, breaking the previous record set at the end of February, the Central Bank said Thursday. The figure was up US$1.22 billion from the February record. The Central Bank attributed the increase to proceeds from investments and the rise of reserve currencies like the euro in value against the U.S. dollar. South Korea also released forex data for March to show reserves of US$354.34 billion, up US$2.55 billion from the previous month, while Russia's was down US$6.7 billion in March to US$486.6 billion. China remains the holder of the world's largest foreign exchange reserves at US$3.82 trillion at the end of December, according to its latest quarterly data. (By Stacy Wu and Maia Huang)
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