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 From Hong Kong's Information Services Department
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August 7, 2007
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Monetary Authority
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Foreign currency reserves up US$800m
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Monetary Authority

Hong Kong's official foreign currency reserve assets rose to US$137.1 billion in July, up US$800m on June, the Monetary Authority says.

 

Including unsettled forward contracts, foreign currency reserve assets also stood at US$137.1 billion in July, up US$800m on June.

 

Hong Kong is the world's ninth largest holder of foreign currency reserves based on the latest published figures, after the Mainland, Japan, Russia, Taiwan, Korea, India, Brazil and Singapore.

 

The total foreign currency reserve assets of US$137.1 billion represent about seven times the currency in circulation, or 33% of Hong Kong dollar M3.