Taiwan Keeping Perng at Central Bank Suggests Stability
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Taiwan’s re-appointment of its top central banker to a fourth term will likely mean continued stability for the island’s currency and protection for exporters.
The decision, announced late Feb. 1, came three days after Central Bank of the Republic of China (Taiwan) Governor Perng Fai-Nan reiterated the authority would intervene to offset any “disorderly movements” in the market for the local dollar.