Taiwan governor optimistic over US currency dispute

New Taiwan dollar

Yang Chin-long, the governor of Taiwan’s central bank, has told a parliamentary committee that the US might label Taiwan a “currency manipulator”, according to local reports.

But the governor said he did not believe that the US would impose sanctions on Taiwan to punish it for maintaining an uncompetitive exchange rate. In a press release, Yang said that Taiwan’s large current account surplus was related to high demand for electronics and communications exports.

Yang informed the parliamentary

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