Lai Ching-te slapped in the face? South Korea's Central Bank governor: The U.S. government is pressuring for "appreciation of Asian currencies".

In stark contrast to Taiwan's official narrative, South Korea's central bank governor Rhee Chang-yong said the recent appreciation of Asian currencies, including the won, was due to pressure from the United States. After the news was released, it caused dissatisfaction among the Taiwanese people against the Taiwan authorities. (Synopsis: Lai Qingde released a 5-point explanation of the "Taiwan dollar skyrocketing": the economy is very stable and has nothing to do with the tariff negotiations between Taiwan and the United States, causing negative comments) (Background supplement: Yang Jinlong clarifies the "truth of the explosion of the Taiwan dollar": the central bank has not been instructed by the United States, and the market is full of false information to interfere with expectations) Recently, the exchange rate of the new Taiwan dollar has appreciated sharply against the US dollar, and on May 5, it hit the largest one-day increase in nearly 36 years, which can be called an "epic" performance. In response to this wave of sharp exchange rate fluctuations, Yang Jinlong, governor of Taiwan's central bank, held a press conference on May 5, emphasizing that the appreciation of the Taiwan dollar was driven by market expectation psychology and the return of foreign capital, and denied that the appreciation was related to US pressure or Taiwan-US tariff negotiations; Lai Qingde also released a 4-minute video on the same day, calling on the public not to believe rumors, emphasizing that Taiwan's economic fundamentals are sound, and the appreciation reflects the confidence of foreign capital in Taiwan's industry, not affected by Taiwan-US tariff negotiations. Bank of Korea Governor: Asian currency appreciation partly due to pressure from the United States However, in stark contrast to Taiwan's official narrative, South Korean central bank governor Rhee Changyong, who attended the Asian Development Bank's (ADB) annual meeting in Milan, Italy, on May 6, told reporters that the recent appreciation of the won against the US dollar (1391.5 won after hours on May 2, the highest since November 29 last year), and the strengthening of other Asian currencies, partly due to pressure from the US government, Yonhap reported. He bluntly said: Asian currencies, including the South Korean won, have recently appreciated partly because the US government has pressured Asian countries to appreciate their currencies, but also because the market expects that the United States and China may restart trade talks. We're not sure what the U.S. really wants is a strong dollar or a weak dollar. Taiwanese people's dissatisfaction is fermenting? Originally, Yang Jinlong and Lai Qingde's explanation on the appreciation of the Taiwan dollar on May 5 failed to convince the public, and Rhee Changyong's explanation once again aroused strong repercussions in Taiwan, and a large number of critics emerged on both PTT and X platforms, because South Korea's statement is contradicting the Taiwan government's recent "US no pressure statement", and also caused the public to question: "The central bank said there was no pressure, when we are blind?" "Lai Qingde's film tells a bunch of beautiful words, and he doesn't dare to mention the United States!" "Lee Changyong directly said that the United States wants the Asian currency to appreciate, and the Taiwan government still stubbornly pushes market expectations, when the people are idiots?" "The central bank does not dare to block the appreciation, for fear of being labeled by the United States as currency manipulation, exporters cry, but the government pretends to be fine!" Related reports The volatility of the new Taiwan dollar "far exceeds that of Bitcoin"! Netizens went to the central bank Facebook: the export industry will collapse, Yang Jinlong is still sleeping, Taiwan stocks soared" The new Taiwan dollar soared to "30.8 yuan" hit a 16-month high! Swapping stablecoins back to fiat money has become less... How to read the FSC's version of the draft "Encryption Law"? Banks issue NTD stablecoins? If the public has comments, the online message "Lai Qingde was slapped in the face? Bank of Korea Governor: The U.S. government is pressuring "Asian currencies to appreciate" This article was first published in BlockTempo's "Dynamic Trends - The Most Influential Blockchain News Media".