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

Taipei

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 20 years in his post, making him a longer-serving central bank chief than Alan Greenspan. He's expected to spend more of his last year working to maintain currency stability rather than fine-tuning interest rates.