Free Chinese Lesson - Hong Kong's reserves reached 123.9 billion USD

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Hong Kong's reserves reached 123.9 billion USD

www.chinanews.cn 2005-03-09 12:35:57

Chinanews, Hong Kong, Mar. 7 - According to the Hong Kong Monetary
Authority, Hong Kong's official forex reserve assets totaled 123.9
billion USD at the end of February this year, compared to 124.7 billion
USD at the end of January.
Adding undelivered forward contracts, Hong Kong's forex reserve assets
remained at 123.9 billion USD for the most recent month, compared to
124.2 billion USD one month earlier.
Hong Kong ranks seventh in the world in terms of forex reserves,
following Japan, Mainland China, Taiwan, Korea, India and Russia. Hong
Kong's total forex assets are six times its circulating currency, and
accounts for 44% of the territory's money supply (M3).

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