Like nearly the whole lot else the Taiwan greenback has been smashed loads decrease towards the surging US greenback.
Governor of The Central Financial institution of the Republic of China (Taiwan) has reiterated that the Financial institution is not going to undertake international alternate management measures and that its present international alternate administration measures are sufficient to keep up monetary market stability.
Earlier this week governor Yang Chin-long spoke in parliament and a few of his feedback seem to have been misunderstood, prompting this clarification from him at present. Says the Financial institution is not going to undertake FX controls throughout his time period in workplace.
I do marvel if such a agency public stance from a central financial institution governor is sensible, it may be higher to maintain some choices open. The TWD has actually been pummelled:
