Taiwan's central bank has instructed two major foreign exchange banks on th...
TAIPEI - Taiwan’s central bank has instructed two major foreign exchange banks on the island to bring in more U.S. dollars before the end of the year to prepare for increased demand in case of political uncertainty in January elections, two sources told Reuters.
China claims Taiwan as its sacred territory to be brought under Beijing’s control by force if necessary, and pays close attention to elections on the island. Two sources with direct knowledge of the situation told Reuters that Taiwan’s central bank has instructed Mega Commercial Bank and Bank of Taiwan to import physical dollar bills - $30 million for Mega and $25 million for Bank of Taiwan.A Taiwan central bank official said it was normal to ask banks to ensure they had ample U.S. dollars ahead of elections.
Taiwan usually stocks sufficient dollars ahead of elections to ensure it can meet demand if there is tension or political uncertainty with China, in case Taiwanese have to leave the island fast or the currency plunges in the event of a crisis.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bumble Bee Foods files for bankruptcy, plans to sell assets to Taiwan company for $925 millionBumble Bee Foods filed for Chapter 11 bankruptcy protection in Delaware Thursday and announced it has agreed to sell the company for $925 million.
Weiterlesen »
Taiwan presidential challenger's wife skips Singapore after being told no campaigningThe wife of Taiwan's main opposition candidate in a presidential election h...
Weiterlesen »
Taiwan presidential challenger's wife skips Singapore after being told no campaigningThe wife of Taiwan's main opposition candidate in a presidential election h...
Weiterlesen »
China mandates 13 banks for U.S. dollar bond issue, seeks to raise over $3 billionChina's government has mandated 13 investment banks to lead a U.S. dollar s...
Weiterlesen »