Typhoon Bewa Approaches, Central Bank Remains Open, Provides $585 Million in Foreign Currency Liquidity

Taiwan's Central Bank and its foreign exchange department demonstrated resilience by remaining operational on July 10, 2026, a day when many government offices and businesses suspended operations due to Typhoon Bewa. While multiple counties and cities declared work and school suspensions, and the banking sector and Taipei foreign exchange market closed, the central bank prioritized maintaining international financial market continuity.

Central Bank Governor Yang Chin-long and his colleagues braved the storm to ensure normal operations. Their presence allowed for the continuation of international financial transactions and settlements. The bank provided essential foreign currency liquidity to domestic and overseas branches of local banks, totaling $585 million.

This proactive measure by the Central Bank underscores its commitment to stabilizing the financial system even amidst severe weather events. By ensuring the availability of foreign currency funds, the bank supported the normal functioning of the banking sector and facilitated ongoing international financial dealings, thereby mitigating potential disruptions to Taiwan's economy.