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Strategies & Market Trends : Asia Forum
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To: Rational who wrote (373)1/3/1998 9:38:00 PM
From: RealMuLan  Read Replies (2) of 9980
 
<< "I am excluding China and India where it is not legal to hold unauthorized foreign exchange;"

This is true for China until last November. Since then, the Chinese gov. allows firms to keep their foreign exchange if they choose to because the government now does not want more foreign reserves. I think Chinese government now has something like $140 billion foreign reserves, if I remember correct.

Sankar, I enjoy reading your post very much. Please keep them coming.
Best.
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