You are here

Taiwan's central bank chief faces currency test in final year

Currency volatility and fears of rising global protectionism have cast uncertainty over the outlook for the economy

Mr Perng said the central bank's usual stance is to maintain currency stability with a managed float regime so exchange rate "won't be stiff, nor volatile like wild horses".


PERNG Fai-Nan began his tenure as chief of Taiwan's central bank by defending the currency during the Asian financial crisis. As he approaches retirement nearly two decades later, the Taiwan dollar will again pose a challenge.

Mr Perng, 78, will step down next February after...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to