In Brief

PUBLISHED : Tuesday, 09 September, 2003, 12:00am
UPDATED : Tuesday, 09 September, 2003, 12:00am
 

HK's foreign currency reserves show slight dip


Hong Kong's foreign currency reserves dipped slightly to US$111.8 billion last month, from US$112.6 billion in July. Hong Kong has the fifth-highest foreign currency reserves in the world after Japan, which has US$555.1 billion, the mainland which has US$356.5 billion, Taiwan and South Korea. Hong Kong's reserves - which support the currency's peg to the US dollar - represent about seven times the total sum in circulation, the Hong Kong Monetary Authority said in its monthly report.


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