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Hong Kong’s forex reserves reach 281 bln USD in Oct.

Hong Kong’s foreign currency reserve assets reached 281.7 billion U.S. dollars by the end of October, 2011, up 4.1 billion U.S. dollars compared to the end of September, the Hong Kong Monetary Authority said here on Monday.

The 281.7 billion U.S. dollars 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 7, 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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