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Strategies & Market Trends : HONG KONG
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To: MikeM54321 who wrote (1630)5/18/1998 10:01:00 AM
From: Tom  Read Replies (1) of 2951
 
If they (China/HK) wanted to go all-out, they have US$240 billion for use in defending the peg.

Foreign Exchange Reserves (US$ bil)

Japan 223.6 Mar 1998
China 140.6 Feb 1998
Hong Kong 96.8 Mar 1998
Taiwan 84.0 Feb 1998
Germany 82.2 Feb 1998
Singapore 74.1 Feb 1998
US 71.3 Jan 1998
Spain 69.0 Feb 1998
Italy 57.8 Feb 1998
Brazil 51.0 Dec 1997


Source: HKMA, IMF, Reuters
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