Economics

Taiwan Central Bank Insiders Call for Overhaul of Dollar Policy

Current and former bank board members to publish book
Keeping TWD weak has slowed economic development, they say

A security officer walks past signage for Department of the Treasury displayed at the Taiwan Central Bank headquarters building in Taipei, Taiwan, on Monday, Jan. 22, 2018. Taiwanese President Tsai Ing-wen favors choosing monetary policy maker Yang Chin-long to become the next chief of Taiwan's central bank, according to a person familiar with the matter.Photographer: Billy H.C. Kwok/Bloomberg

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By Argin Chang, Miaojung Lin, and Samson Ellis

March 25, 2021 at 4:50 AM EDT

Updated on

March 25, 2021 at 10:54 PM EDT

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Three current and former members of Taiwan’s central bank board are calling for an overhaul of its currency policy, saying efforts to tamp down on the local dollar’s appreciation is increasingly having a negative effect on the economy.

Board members Li Yi-ting and Chen Shiu-sheng, and ex-member Wu Tsong-min, have co-authored a book with writer Ariel Chen to be published in April.

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