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TAIWAN'S CROSS-STRAIT CURRENCY SYSTEM UNDER SCRUTINY.
AsiaPulse News
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November 25, 2004
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COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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TAIPEI, Nov. 25 Asia Pulse - Taiwanese authorities are examining the establishment of a currency settlement system between Taiwan and the mainland, according to Hsu Yi-hsiung, deputy governor of the Taipei-based Central Bank of China (CBC).
He was responding to reports that new Taiwan dollars can be directly exchanged for renminbi at some mainland Chinese banks.
The deputy governor made the remarks following news from Taiwan businessmen operating on the mainland that the local currency can be directly exchanged into renminbi at some mainland banks.
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Monkeys on the move as a decorating motif
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Monkeys take over the paper
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 "Albany Times Union (Albany, NY)")
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