Foreign Exchange Reserves as at the End of
December 2008

The foreign exchange reserves of the Republic of China amounted to US$291.71 billion at the end of December 2008, showing an increase of US$11.02 billion from the figure recorded at the end of the previous month.
The main factors responsible for the increase in foreign exchange reserves in December 2008 are：
1. The Euro, Yen 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.
2. Returns from foreign exchange reserves management.

Note: The next dissemination will be made at 16:20 p.m. on February 5 , 2009;
the advance release calendar can be accessed on our website at: http://www.cbc.gov.tw/EngHome/ESDDS/calacal.htm