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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Taiwan’s foreign exchange reserves down

Posted on 06 October 2011

Taiwan’s foreign exchange reserves as of the end of September had fallen US$11.12 billion from the end of August to US$389.17 billion, the central bank said Wednesday.
The decline reflected an outflow of foreign funds after foreign institutional investors embarked on massive net selling on the local stock and bond markets for cash to meet redemption demands in their own countries amid the global financial turmoil, the central bank said……………………………………….Full Article: Source


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