Taiwan c bank may up euro weight in forex reserves

TAIWAN - Taiwan's central bank may raise the weighting of the euro in its foreign exchange reserves in the wake of possible strengthening in the euro and higher interest rates, Commercial Times reports.

Currently, the euro accounts for slightly above 20% of the bank's foreign exchange reserves, while the U.S. dollar slightly below 70%, according to the paper.

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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