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 From Hong Kong's Information Services Department
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March 14, 2005
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Finance

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Exchange Fund foreign assets down $5.3b
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Monetary Authority logo

Exchange Fund foreign assets fell $5.3 billion to $902.4 billion at the end of February, the Monetary Authority says.

 

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 $296.2 billion. 

 

Claims on the private sector in Hong Kong amounted to $64.4 billion.

 

Foreign liabilities, representing mainly obligations under repurchase agreements, amounted to $1.9 billion.