Taiwan commits to greater FX transparency after talks with US
Central bank rejects claim that domestic currency has been persistently undervalued
Taiwan’s central bank has said it is committed to publishing more frequent data on its foreign exchange interventions after discussions with the US, and rejected claims that its currency is undervalued.
The US Treasury and the Central Bank of the Republic of China (Taiwan) issued a statement on November 14 saying neither side would engage in currency manipulation. The statement said interventions in FX markets should only be considered when they were needed to combat excessive volatility.
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