Taiwan is to open a market for...
- Share via
Taiwan is to open a market for banks to exchange U.S. dollars as part of the country’s efforts to internationalize its financial market.
Central bank governor Samuel Hsieh said preparations for setting up the dollar exchange market between banks are in full swing. He said the central bank would provide U.S. dollars for the initial operations of the market but did not give figures. He also did not say when the market would be opened.
More From the Los Angeles Times
Podcasts
Why is California’s wildfire strategy wrong for SoCal? After massive blazes, the state changed its approach, but it only works for the north. Listen to find out what officials are doing wrong — and the surprising strategy they’re turning to next.
When a helicopter crash killed actor Vic Morrow and two children on the set of Twilight Zone: The Movie, the filmmakers called it an unforeseeable accident. An LA County Sheriff’s detective saw something else: broken laws, reckless risks, and an A-list director who ignored warnings.
LA’s smog wasn’t from factories. A scientist studying pineapples found the real cause: cars. But no one wanted to believe him. Hear the full story on “Smoglandia.” Listen now.
