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 From Hong Kong's Information Services Department
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December 14, 2004
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Finance

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Exchange Fund foreign assets down $13.9b
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At the end of November, the Exchange Fund reported a $13.9 billion dip in its foreign assets, compared to a month earlier.

 

Foreign assets, representing the Exchange Fund's external assets, amounted to $868.3 billion, according to the Monetary Authority.

 

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 $288.4 billion.

 

Claims on the private sector in Hong Kong amounted to $76.7 billion. Foreign liabilities, representing mainly obligations under repurchase agreements, amounted to $100 million.