Central Bank of China

PRESS RELEASE Release Date: April 5, 2004




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


FOREIGN EXCHANGE RESERVES AS AT

END OF MARCH, 2004

The foreign exchange reserves of the Republic of China amounted to US$226.52 billion at the end of March 2004, showing an increase of US$1,720 million from the figure recorded at the end of last month and an increase of US$19,891 million compared to the end of last year.

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

1.Net foreign capital inflows

2.Returns from foreign exchange reserves management


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

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