The Central Bank of China, Taipei has not been selling the US dollar. The foreign media reports are inconsistent with facts. This press statement has been issued to set the record right.
Press Release
Release Date: February 23, 2005
Today, the headline of one of Taiwan's daily newspapers reads:
" According to foreign media reports, US dollar declined sharply as Taiwan's central bank and Bank of Korea plan to sell the US dollar."
The Central Bank of China, Taipei has not been selling the US dollar. The foreign media reports are inconsistent with facts. This press statement has been issued to set the record right.
Moreover, Bloomberg reports today that the Bank of Korea issued a press statement this morning to verify that it has no plans to sell US dollar assets.