ROC foreign reserves 3rd in the world

This article was written by Chang Ling Yin and published by the Macroview Weekly on July 27, 2005.

According to a report recently released by the Directorate-General of Budget, Accounting and Statistics, Taiwan's foreign exchange reserves rank third in the world, behind Japan and China.

Taiwan's foreign exchange reserves amounted to US$92.5 billion at the end of 1994. Ten years later, by the end of 2004, the figure has moved up to US$241.7 billion. This amount is enough to pay for Taiwan's imports for the next 17.3 months, second only to Japan's 22 months.

For more detailed information about Taiwan's and other countries' foreign reserves, please check out this article.