The following is the unedited transcript of the news release from Hong Kong Monetary Authority, HK
The Hong Kong Monetary Authority (HKMA) announced today that the official foreign currency reserve assets of Hong Kong amounted to US$133.2 billion at the end of December 2006 (end-November 2006: US$132.7 billion).
Including unsettled forward contracts, the foreign currency reserve assets of Hong Kong at the end of December 2006 also stood at US$133.2 billion (end-November 2006: US$132.7 billion).
Hong Kong is the world''s eighth largest holder of foreign currency reserves, after Mainland China, Japan, Russia, Taiwan, Korea, India and Singapore.
The total foreign currency reserve assets of US$133.2 billion represent over six times the currency in circulation or about 35% of Hong Kong dollar M3.
Available at:
http://www.info.gov.hk/hkma/eng/press/index.htm |
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