CONFIDENTIAL
China's Purchases of Foreign Currencies
1977 January
February
March April
000 HK$ equivalent
1,008,519
1,184,551
968,671
000 US$ equivalcnt*
215,956
254,786
209,214
1,039,066
223,876
May
1,032,375
231,382
June
1,042,209
222,397
July
1,042,232
223,731
August
1,020,489
219,368
September
1,295,303
277,670
October
1,079,598
230,461
November
2,322,242
December
2,331,005
15,616,178
539,654
-- 502,728 3,351,223
1978 January
1,948,073
422,507
February
1,156,222
250,717
March
1,074,430
232,905
April
May
1,451,381
315,767
1,037,058
223,035
June
1,185,794
254,885
July
1,013,234
217.883
August
1,465,955
311,834
September
1,147,418
241,867
October
1,376,466
248,540
November
1,238,024
258,313
December
1,282,796
267,311
15,176,861
3,243,664
1979 January
1,576,484
331,142
February
1,142,418
238,066
March
1,760,609
360,507
April
1,642,184
322,335
May
1,471,498
290,700
June
1,748,114
341.889
July
1,691,845 11,033,151
328,645
2,213,284
(18,913,973)
(3,794,201 p.a.)
* Consisting of US$ purchases, as originally reported, plus purchases of other
currencies reported in HK$, and converted into US$ at the exchange rate at the end of each month.
CONFIDENTIAL
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