Foreign Exchange Reserves as at the End of January 2008
PRESS RELEASE Release Date: February 4, 2008
Foreign Exchange Reserves as at the End of
January 2008
The foreign exchange reserves of the Republic of China amounted to US$272.82 billion at the end of January 2008, showing an increase of US$2,507 million from the figure recorded at the end of the previous month.
The main factors responsible for the increase in foreign exchange reserves in January 2008 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.
3. Net foreign capital inflows.
Note: The next dissemination will be made at 16:20 p.m. on March 5, 2008;
the advance release calendar can be accessed on our website at: http://www.cbc.gov.tw/EngHome/ESDDS/calacal.htm