Foreign Exchange Reserves as at the End of October 2007
PRESS RELEASE Release Date: November 5, 2007
Foreign Exchange Reserves as at the End of
October 2007
The foreign exchange reserves of the Republic of China amounted to US$265.92 billion at the end of October 2007, showing an increase of US$2,986 million from the figure recorded at the end of last month.
The main factors responsible for the increase in foreign exchange reserves in October 2007 are:
1. Returns from foreign exchange reserves management.
2. 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 December 5 , 2007;
the advance release calendar can be accessed on our website at: http://www.cbc.gov.tw/EngHome/ESDDS/calacal.htm