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Taiwan central bank says it has good communications with US Treasury after currency report

By Thomson Reuters Jul 24, 2026 | 5:26 AM

TAIPEI, July 24 (Reuters) – Taiwan’s central bank on Friday emphasised its good relations with the U.S. Treasury Department, ​in response to the Treasury’s ‌latest semi-annual currency report which included Taiwan on its “monitoring list” along with nine other economies.

In its statement, the central bank said:

• Taiwan’s central ‌bank ​has longstanding open lines ⁠of communication with ⁠the U.S. Treasury Department, and based on this solid relationship, both parties will continue to discuss their perspectives on ​macroeconomic and currency exchange rate issues.

• In recent years, Taiwan’s trade surplus ⁠with the U.S. has ⁠grown significantly, primarily driven by ​strong U.S. demand for the island’s technology ​products such as semiconductors.

• Taiwan’s net ‌Foreign Direct Investment outflow expanded to $34 billion in 2025 from $21 billion in 2024. This reflects the restructuring of global ⁠supply chains, as leading Taiwanese companies actively seek to diversify their production lines across the United ⁠States, ‌Europe, and Japan.

• The Central ⁠Bank of Taiwan and the ​U.S. ‌Department of the Treasury issued ​a joint ⁠statement on exchange rate issues on November 14, 2025, committing to publicly disclosing foreign exchange intervention data at least on a quarterly basis.

(Reporting by Faith Hung;Editing by ​Alison Williams)