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Latest foreign exchange reserves figure released
Hong Kong's foreign reserves as at end of March were US$63.4 billion а slight drop from US$63.8 billion a month ago.
The above figures excluded forward transactions yet to be settled. Including forward transactions, the foreign reserves reached US$67.7 billion at end March, compared to US$68.1 billion at end February.
The slight decrease in March from February represented seasonal drawdowns in fiscal reserves and placements from the Exchange Fund by the Government and other institutions.
Foreign Reserves Ranking
1.
Japan
US$219.4 billion
Mar 97
2.
China
US$110.3 billion
Feb 97
3.
Taiwan
USS 88.6 billion
Feb 97
4.
Germany
US$ 85.2 billion
Feb 97
5.
Singapore
US$ 77.4 billion
Feb 97
6.
United States
US$ 69.9 billion
Jan 97
7.
Hong Kong
US$ 63.4 billion
Mar 97
8.
Spain
US$ 60.9 billion
Feb 97
9.
Brazil
US$ 57.2 billion
Jan 97
10. Italy
US$ 48.9 billion
Feb 97
Exchange Fund
Foreign Currency Assets
(US$ Bn)
Excluding forward transactions
Net forward transactions
Including forward
transactions
March 95
52.4
(0.2)
52.2
June 95
53.6
I
53.6
September 95
51.8
2.8
$4.6
December 95
55.4
1.8
57.2
March 96
58.1
1.7
59.8
June 96
57.3
2.7
60.0
September 96
55.4
6.7
62.1
December 96
63.8
5.7
69.6
January 97
65.9
5.2
71.1
February 97
63.8
4.3
68.1
March 97
63.4
4.3
67.7
End
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