H.K. foreign exchange reserves hit $123.6 bil. in Jan
Asian Economic News, Feb 17, 2004
HONG KONG, Feb. 9 Kyodo
Hong Kong's foreign exchange reserve assets amounted to US$123.6 billion at the end of January, up from US$118.4 billion in December, the Hong Kong Monetary Authority said Monday.
Hong Kong is the world's fifth largest holder of foreign exchange reserves after Japan, mainland China, Taiwan and South Korea.
The territory's foreign currency reserves represent more than six times the currency in circulation.
COPYRIGHT 2004 Kyodo News International, Inc.
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