CBC to leave currency to market forces

Taiwan's central bank is to leave the local currency to market forces while it closely monitors forex dealings for abnormal expectations about the currency's prospects, the Commercial Times reported, citing George Chou, director general of the forex department at the central bank.

The Taiwan dollar's recent movements against the US dollar should be considered as stable in comparison with those of other major currencies against the US currency, Chou said in the report.

The Taiwan dollar closed at

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.