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HK’s forex reserves reach $281b in Oct

Hong Kong’s foreign currency reserve assets reached $281.7 billion by the end of October, 2011, up $4.1 billion compared to the end of September, the Hong Kong Monetary Authority said on Monday.
The 281.7 billion US dollor foreign currency reserve assets represent about nine times the currency in circulation or 56 percent of Hong Kong dollar M3. – Xinhua

Posted by on November 8, 2011. Filed under Banking-Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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