Taiwan urging traders to spread out US dollar sales

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.”