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HK's foreign currency reserve assets reach $258.8b in March

(Xinhua)
Updated: 2010-04-10 17:10
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HONG KONG - The Hong Kong Monetary Authority announced Friday that Hong Kong's official foreign currency reserve assets added $600 million in March to a total of $258.8 billion.

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Including unsettled forward contracts, the foreign currency reserve assets of Hong Kong at the end of March stood at $258. 8 billion.

Hong Kong is the world's seventh largest holder of foreign currency reserves based on the latest published figures, after the Chinese mainland, Japan, Russia, China's Taiwan, India and South Korea.

The news release said the total foreign currency reserve assets represent over nine times the currency in circulation or about 56 percent of Hong Kong dollar M3.
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