Central Bank of China
PRESS RELEASE Release Date: May 5, 2004




--------------------------------------------------------------------------------

FOREIGN EXCHANGE RESERVES AS AT
END OF APRIL, 2004


The foreign exchange reserves of the Republic of China amounted to US$227.66 billion at the end of April 2004, showing an increase of US$1,137 million from the figure recorded at the end of last month and an increase of US$21,028 million compared to the end of last year.

The main factors responsible for the increase in foreign exchange reserves in April 2004 are :

1. Returns from foreign exchange reserves management

2.Exporters have sold forward foreign exchange in advance







Note: The next dissemination will be made at 16:20 p.m. on June 4, 2004;

the advance release calendar can be accessed on our website at: http://www.cbc.gov.tw/EngHome/ESDDS/calacal.asp