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 From Hong Kong's Information Services Department
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November 9, 2009
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Assets

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Foreign currency reserves up US$13.2b
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Monetary Authority

Hong Kong's official foreign currency reserve assets rose to US$240.1 billion in October, up US$13.2 billion on September, the Monetary Authority says.

 

Including unsettled forward contracts, foreign currency reserve assets also stood at US$240.1 billion, up US$10.9 billion.

 

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

 

The total foreign currency reserves represent over nine times the currency in circulation, or about 51% of Hong Kong dollar M3.