Taiwan forex reserves hit record high in May
Central News Agency
2014-06-05 10:54 PM
Taipei, June 5 (CNA) Taiwan's foreign exchange reserves continued to climb in May to reach a record US$421.651 billion by the end of that month, an increase of US$156 million from the previous record set at the end of April, according to data released Thursday by the central bank. The bank attributed the increase to proceeds from investments and the rise in value of reserve currencies like the euro against the U.S. dollar. (By Hsu Hsiang-hsin and Jeffrey Wu)
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