FSC: Life Insurance Foreign Exchange Reserves Can Withstand NTD Appreciation to 28
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Taiwan's Financial Supervisory Commission announced that as of the end of March, life insurance foreign exchange fluctuation reserves reached NT$911.1 billion, capable of withstanding a 10.6% appreciation of the NTD (to NT$28.178), following the new exchange rate accounting system introduced in late December and a decrease in hedging ratios.