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 From Hong Kong's Information Services Department
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August 16, 2004
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Finance
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Exchange Fund foreign assets down $22.8b

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Monetary Authority

The Exchange Fund's foreign assets stood at $870.7 billion at the end of July, down $22.8 billion, the Monetary Authority says.

 

The Monetary Base, comprising Certificates of Indebtedness, Government-issued currency notes and coins in circulation, the Aggregate Balance of the banking system and Exchange Fund Bills and Notes issued, amounted to $281 billion.

 

Claims on the private sector in Hong Kong amounted to $52.6 billion.

 

Foreign liabilities, representing mainly obligations under repurchase agreements, amounted to $7.3 billion.