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Traditional ChineseSimplified ChineseText onlyPDARSS
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November 7, 2006

Monetary Authority

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Foreign-currency reserves up US$900m
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Monetary Authority logo

Hong Kong's official foreign-currency reserve assets rose US$900 million to US$131.2 billion at the end of October, the Monetary Authority says.

 

Including unsettled forward contracts, the foreign currency reserve assets of Hong Kong at the end of October also stood at US$131.2 billion.

 

Hong Kong is the world's seventh largest holder of foreign currency reserves, after the Mainland, Japan, Russia, Taiwan, Korea and India.

 

The total foreign currency reserve assets of US$131.2 billion represent over six times the currency in circulation, or about 38% of Hong Kong dollar M3.

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