The average daily currency for the preparation of this (108) year was 42.2 billion yuan, an increase of 180.9 billion yuan from the previous month. Among them, currency in circulation (the amount of currency issued minus central bank inventory cash) was affected by the continued increase in capital demand before the Lunar New Year, an increase of 146.2 billion yuan, and the deposit of financial institutions in the Bank increased by 34.7 billion yuan. In the analysis of the source of currency changes, in February, although there were austerity factors such as the issuance of public debts and treasury bills, treasury loans to banks, tax payment, and the issuance of fixed deposits in the Bank, the public debt repaid principal and interest, and the Ministry of Finance repaid bank loans. The issuance of various subsidies and overall allocations, as well as the easing factors such as the expiration of the Bank's deposit receipts, resulted in an increase in the average daily reserve currency from the previous month.
The average annual reserve currency growth rate in February of this year was 6.46%, down 0.65 percentage points from 7.11% in the previous month. The average annual growth rate of the average daily preparing currency from January to February of this year was 6.78%, which was higher than the 3.49% in the same period of last year.
Source: Central Bank Of the Republic Of China (Taiwan)