Amadeusz Juskowiak

Taiwan central bank issues certificates of deposit

The Central Bank issued 214 billion Taiwan dlrs of certificates of deposit CD bringing the total so far this year to 8621 billion a bank official told Reuters

The new CD have maturities of six months and one and two years and bear interest rates ranging from 39 pct to 515 pct

The issues are aimed at curbing the growth of M1B money supply which is the result of large foreign exchange reserves the official said