FOREIGN EXCHANGE RESERVES AS AT END OF FEBRUARY 2005
PRESS RELEASE Release Date: March 4, 2005
FOREIGN EXCHANGE RESERVES AS AT
END OF FEBRUARY 2005
The foreign exchange reserves of the Republic of China amounted to US$246.63 billion at the end of February 2005, showing an increase of US$3,884 million from the figure recorded at the end of last month and an increase of US$4,890 million compared to the end of last year.
The main factors responsible for the increase in foreign exchange reserves in February 2005 are:
1.Substantial foreign capital inflows（also known as hot money）
2.Returns from foreign exchange reserves management
3.The Euro and other major currencies appreciated against the US dollar. Foreign exchange reserves denominated in these currencies were worth more in terms of the base currency, the US dollar.
Note: The next dissemination will be made at 16:20 p.m. on April 4, 2005;
The advance release calendar can be accessed on our website at: http://www.cbc.gov.tw/EngHome/ESDDS/calacal.htm
.