Foreign Exchange Reserves as of August 31, 2005
PRESS RELEASE Release Date: September 5, 2005
Foreign Exchange Reserves as of
August 31, 2005
The foreign exchange reserves of the Republic of China amounted to US$254.09 billion at the end of August 2005, showing an increase of US$524 million from the figure recorded at the end of last month.
Interest income and the appreciation of the Euro would have pushed the level of reserves even higher except for the following factors:
1.Increase in oversea travel expenditure incurred by residents.
2.Repatriation of foreign capital. Foreign investors as a group was a net seller in Taiwan’s equity markets in August.
3.Domestic insurance companies increased their investment abroad.
Note: The next dissemination will be made at 16:20 p.m. on October 5, 2005;
The advance release calendar can be accessed on our website at: http://www.cbc.gov.tw/EngHome/ESDDS/calacal.htm