IMF overcalculated Taiwan’s USD exposure – central bank chief
Fund’s measure showing USD holdings at 45 times local FX markets is “misunderstanding”, Yang says
The Taiwanese central bank governor has downplayed the International Monetary Fund’s concerns about the island’s large exposure to US dollar-denominated assets.
During a legislative hearing on January 26, Yang Chin-long was asked by lawmakers about the IMF’s latest global financial stability report, which says Taiwan’s exposure to US dollar assets is around 45 times the size of its foreign exchange market.
The figure is the highest among the group of economies featured in the report. By contrast
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