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Taiwan's foreign exchange reserves up, remain 4th in world

2012/07/05 22:33:02

Taipei, July 5 (CNA) Taiwan's foreign exchange reserves stood at US$391.235 billion as of the end of June, the fourth highest in the world behind China, Japan, and Russia, the Central Bank of the Republic of China (Taiwan) said Thursday.

The figure was US$1.96 billion higher than the previous month, due mainly to returns on investment of the reserves as well as the appreciation of major currencies, such as the euro, against the U.S. dollar, said Lin Sun-yuan, director-general of the central bank's Department of Foreign Exchange.

As of the end of March, China's foreign exchange reserves, which was unveiled quarterly, remained the highest in the world at US$3.3050 trillion.

Japan was second with foreign reserves of US$1.2040 trillion, followed by Russia with US$452.1 billion as of the end of May, respectively.

According to the latest data compiled by bank, most of the foreign countries saw decrease in their foreign exchange reserves except Taiwan and South Korea, which registered foreign reserves of US$304.2 billion as of the end of June, and India that registered US$255.8 billion as of June 22.

(By Kao Chao-fen and Hanna Liu)