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Traditional ChineseSimplified ChineseText onlyPDARSS
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July 7, 2008
Economy
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Foreign currency reserves fall by US$1.4b
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Monetary Authority

Hong Kong's foreign currency reserve assets slid US$1.4 billion to US$157.6 billion at the end of June, the Monetary Authority says.

 

Including unsettled forward contracts, the city's foreign currency reserves at the end of June also stood at US$157.6 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 total foreign currency reserve assets represent over seven times the currency in circulation or about 39% of Hong Kong dollar M3.

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