Taiwan's central bank on Sunday said it was urging foreign exchange traders to exercise restraint when it came to selling U.S. dollars and not sell large amounts in one go, as it tries to control the soaring value of its own currency.
FILE PHOTO: A staff member stands beside the Taiwanese Central Bank logo in Taipei, Taiwan February 26, 2018. REUTERS/Tyrone Siu
TAIPEI - Taiwan’s central bank on Sunday said it was urging foreign exchange traders to exercise restraint when it came to selling U.S. dollars and not sell large amounts in one go, as it tries to control the soaring value of its own currency. The central bank has asked forex traders not to execute individual sell orders for the U.S. dollar worth more than $5 million at a time, three sources with direct knowledge of the situation told Reuters on Friday.
In its statement, the central bank said that recently a small number of banks had tried selling large amounts of U.S. dollars in a single offer, affecting “market trading speed and the rights of other banks making offers”. The bank said it is asking traders not to sell large amounts of U.S. dollars in a single trade, though it did not mention a specific figure.has appreciated 2.85% so far this year against the greenback, worrying the government as it seeks to support companies in its export-reliant economy after a sharp drop in global demand.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Taiwan says plans to sign up for 'COVAX' vaccine allocation schemeTaiwan will sign up to the 'COVAX' global vaccine allocation plan to ensure it will be able to access a COVID-19 vaccine when one becomes available, the island's health minister said on Saturday.
Weiterlesen »
How to watch Formula 1 Tuscan GP on TV and online on SundayAfter a dramatic race at Monza, the Formula 1 season remains in Italy with the inaugural Tuscan Grand Prix scheduled for Sunday.
Weiterlesen »
What's on TV Saturday plus Sunday Talk shows: '60 Minutes'What's on TV Saturday, Sept. 12, plus Sunday Talk shows: '60 Minutes' on CBS; 'Coastal Elites' on HBO
Weiterlesen »
This Ravens superfan died at 14. His face will fill the seats on SundayMo, a 14-year-old Baltimore Ravens superfan, lost his battle with cancer in July. Section 146 of M&T Bank Stadium is filled with 575 cutouts of him, the team says. There's one other special cutout: his mother, who had been by his side throughout it all.
Weiterlesen »
Andrew McMahon Extends Drive-In Concert Series With Chicago Performances.andrewmcmahon will continue his sold-out drive-in tour with three more shows in Chicago.
Weiterlesen »
Credit Suisse CEO urges end of cantonal banks' privilegesSwistzerland's state-backed regional banks' privileges should be scrapped so they pay the same taxes as private banks, Credit Suisse Chief Executive Thomas Gottstein has said.
Weiterlesen »