FOREIGN EXCHANGE RESERVES AS AT END OF DECEMBER 2004
PRESS RELEASE Release Date: January 5, 2005
FOREIGN EXCHANGE RESERVES AS AT
END OF DECEMBER 2004
The foreign exchange reserves of the Republic of China amounted to US$241.74 billion at the end of December 2004, showing an increase of US$2,609 million from the figure recorded at the end of last month and an increase of US$35,106 million compared to the end of last year.
The main factors responsible for the increase in foreign exchange reserves in December 2004 are:
1.The Euro and British pound both appreciated against the US dollar. Foreign exchange reserves denominated in these currencies were worth more in terms of the base currency, the US dollar.
2.Returns from foreign exchange reserves management
3.Net foreign capital inflows
Note: The next dissemination will be made at 16:20 p.m. on February 4, 2005;
the advance release calendar can be accessed on our website at: http://www.cbc.gov.tw/EngHome/ESDDS/calacal.htm