FOREIGN EXCHANGE RESERVES AS AT END OF JULY 2005
PRESS RELEASE Release Date: August 5, 2005
FOREIGN EXCHANGE RESERVES AS AT
END OF JULY 2005
The foreign exchange reserves of the Republic of China amounted to US$253.56 billion at the end of July 2005, showing a fall of US$53 million from the figure recorded at the end of last month and an increase of US$11,824 million compared to the end of last year.
The main factors responsible for the drop in foreign exchange reserves in July 2005 are:
1. The country’s trade surplus has declined since the beginning of this year.
2. July is a busy month for oversea travel; the traveling expenses incurred by residents abroad has increased.
Note: The next dissemination will be made at 16:20 p.m. on September 5, 2005;
the advance release calendar can be accessed on our website at: http://www.cbc.gov.tw/EngHome/ESDDS/calacal.htm