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Taiwan

PACIFIC WATCH

September 20, 1993|From Times Staff and Wire Reports

Foreign Exchange Reserves Decline: Taiwan's reserves, among the world's largest, fell $1.18 billion in July to $82.81 billion, the Central Bank of China said. Reserves declined mainly because of foreign exchange market fluctuations and slow export growth, a bank official said. Taiwan's foreign exchange reserves peaked at $89.5 billion in September last year, according to bank data.

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