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 From Hong Kong's Information Services Department
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April 8, 2008
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Assets

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Foreign currency reserves rise US$500m
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Monetary Authority

Hong Kong's official foreign currency reserve assets rose to US$160.7 billion in March, up US$500 million on February, the Monetary Authority says.

 

Including unsettled forward contracts, foreign currency reserve assets also stood at US$160.7 billion.

 

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

 

The reserve assets represent over seven times the currency in circulation or about 38% of Hong Kong dollar M3.