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21.
of December 1975 and the end of June 1976, whereas the nominal value
against the US dollar during the same period represented an appreciation
of 2.1%. This position was reversed in the second half of the year with
a 4.2% appreciation in the effective exchange rate index of the Hong Kong
dollar compared to a 5.8% appreciation against the US dollar.
Table 24, Diagrams 6 and 7
J
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