Central Bank of China
PRESS RELEASE Release Date: June 4, 2004




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FOREIGN EXCHANGE RESERVES AS AT
END OF MAY, 2004


The foreign exchange reserves of the Republic of China amounted to US$229 billion at the end of May 2004, showing an increase of US$1,343 million from the figure recorded at the end of last month and an increase of US$22,371 million compared to the end of last year.

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

1. Returns from foreign exchange reserves management

2.The Euro and Japanese yen both appreciated against the US dollar. Foreign exchange reserves denominated in these currencies were worth more in terms of the US dollar.







Note: The next dissemination will be made at 16:20 p.m. on July 5, 2004;

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