Taiwan National Bank insists on never manipulating currency after U.S. Treasury Beállítások

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The Central Bank of Taiwan issued a statement that Taiwan has never used any foreign currency exchange rates to gain an unfair trade advantage. After the US Treasury Department stated that Taiwan has implemented slotxo มือถือ a policy of distorting the currency. This violates the US trade law that came out in 2016.
The US Treasury did not specify that Taiwan, Switzerland and Vietnam. This law was officially violated in the semi-annual report on currency manipulation. He argues that there is insufficient evidence when considering other laws.


Taiwan's central bank said in a statement. Taiwan had already sent a clarifying report to the United States before the US Treasury announced this. The report requested relief of three currency distortions: a trade surplus with the US in excess of $ 20 billion, foreign exchange intervention in excess of 2% of gross domestic product (GDP). And has a current account surplus of more than 2% of GDP due to the COVID-19 epidemic during this period.


Taiwan's tech exports soared during the COVID-19 epidemic. As consumers around the world are demanding computers, notebooks, tablets and other devices. To work from home more As a result, Taiwan has a trade surplus with the United States. And make the value of the Taiwan dollar soaring The trade war between China and the US has also fueled the soaring demand for technology products from Taiwan in the US.


“Right now the situation is in an unusual state of the trade dispute between China and the United States. Including the situation of the epidemic of COVID-19 The US Treasury should therefore ease the use of existing benchmarks in assessing partner countries' economic, trade and exchange policies at this time, ”the central bank of Taiwan said.


The Central Bank of Taiwan said. During the communication with the United States The Central Bank of Taiwan stressed that Taiwan's exchange rate policy is focused on stabilizing the foreign exchange market. And promoting financial stability And it has never been used to gain an unfair trade advantage.