Bloomberg
Taiwan’s central bank urged traders to show restraint in sales of US dollars and not to offload large amounts in single transactions, but didn’t set a cap, according to a statement from the monetary authority. The statement follows media reports that central bank has restricted banks’ sales of US currency to no more than $5 million per trade in foreign exchange market.
“A limited number of banks looked to sell a large amount of US dollars in a single offer, and this has affected trading speed and rights of other banks making offers,†Taiwan’s central bank said.
“We are kindly asking traders not to sell a large amount of U.S. dollars in one single trade.â€