The Central Bank issued 5.68 billion Taiwan dlrs worth of certificates of deposit (cds) bringing issues so far this year to 180.16 billion dlrs against 40 billion issued a year earlier a bank spokesman said. The new cds with maturities of six months one and two years bear interest of 4.03 to 5.12 pct. The issues are intended to help curb the growth of m-1b money supply resulting from large foreign exchange reserves which the bank said today had reached a record 56 billion U.S. Dlrs.
TAIWAN ISSUES MORE CD'S AS RESERVES HIT RECORD