Central Bank Emphasizes Dollar's Solid Position, Issues Six Statements Addressing Market Concerns
U.S. President Trump’s proposal for a ‘reciprocal tariff’ policy led to a significant drop in U.S. Treasury prices, raising concerns over the dollar’s international standing in the market.
In response, the central bank issued a six-point statement last night, asserting that the dollar remains a major global reserve currency and its position is secure, effectively boosting confidence in the dollar.
The central bank further noted that some foreign investment accounts claimed to invest in domestic securities but failed to do so after their funds were transferred, indicating possible violations related to ‘profiting from fluctuations in the New Taiwan Dollar’ and breaching relevant regulations.
