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The foreign assets of the Exchange Fund dropped $3.4 billion in July to $1.9129 trillion, the Monetary Authority announced today.
The Monetary Base, comprising Certificates of Indebtedness, Government issued currency notes and coins in circulation, the Aggregate Balance and Exchange Fund Bills and Notes issued, amounted to $1.0249 trillion.
Claims on the private sector in Hong Kong were $135 billion during the month, while foreign liabilities, representing mainly obligations under repurchase agreements, amounted to $300 million.
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