Taiwan denies controlling exchange rates

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The Central Bank of the Republic of China (Taiwan) on Sunday refuted claims that the Korean government had "done a better job" of "controlling" exchange rates than Taiwan.

The central bank issued a statement combating a speech made by Morris Chan, the founding chairman of Taiwan Semiconductor Manufacturing Company, a large semiconductor production company. In his address, Chan discussed the importance of exchange rate movements for the import and export industry in Taiwan, and reportedly said th

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