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 From Hong Kong's Information Services Department
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June 16, 2003
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Finance
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Foreign assets up $19.2 billion

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Monetary Authority logo

The Exchange Fund's foreign assets increased $19.2 billion last month.

 

The Monetary Authority reported today that foreign assets, representing the external assets of the Exchange Fund, amounted to $857.5 billion.

 

The Monetary Base, comprising Certificates of Indebtedness, Government-issued currency notes and coins in circulation, the Aggregate Balance of the banking system and Exchange Fund Bills and Notes issued, amounted to $252.7 billion.

 

Claims on the private sector in Hong Kong amounted to $52.0 billion. Foreign liabilities, representing mainly obligations under repurchase agreements amounted to $4.7 billion.