One of the local daily news papers reported this morning that “Taiwan’s central bank bans discussion on NT dollar exchange rate,” and “local banks have been asked to refrain from publicly stating their views on NT dollar exchange rate.” These statements are unfounded and this press statement has been issued to set the record straight.
PRESS RELEASE Release Date: November 22, 2010
One of the local daily news papers reported this morning that “Taiwan’s central bank bans discussion on NT dollar exchange rate,” and “local banks have been asked to refrain from publicly stating their views on NT dollar exchange rate.” These statements are unfounded and this press statement has been issued to set the record straight.
Among others, the following domestic financial institutions have already published their forecasts for the NT dollar exchange rate:
1. SinoPac Holdings
2. Chinatrust Commercial Bank
3. Taishin Securities
4. Capital Securities
5. Polaris Financial Group
Reuters, a news service and financial market data provider, publishes the NT dollar exchange rate forecasts made by 12 domestic and foreign financial institutions on its website.
It’s evident that the newspaper report cited above is completely groundless.