H.K. foreign currency reserves reach US$95.2 bil. in May
Asian Economic News, June 12, 2000
HONG KONG, June 7 Kyodo
Hong Kong's foreign currency reserves amounted to US$95.2 billion at the end of May, up from the US$93.9 billion in April, the Hong Kong Monetary Authority said Wednesday.
Including unsettled forward contracts, the foreign exchange reserves were US$95.4 billion at the end of May. The figure in April was US$94.2 billion.
Hong Kong is the world's fourth largest holder of foreign exchange reserves after Japan, China and Taiwan.
The territory's foreign reserves represent more than seven times the currency in circulation.
COPYRIGHT 2000 Kyodo News International, Inc.
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