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TABLE-Asia foreign reserves shrink by $119 bln in Oct

Tue Nov 11, 2008 8:48am IST
 
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 SINGAPORE, Nov 11 (Reuters) - Asian holdings of foreign
exchange reserves, excluding those of China's, shrank by $119
billion in October to $2.34 trillion, central bank data showed.
 The decline was led by a $38.9 billion plunge in India's
holdings and a drop of $27.4 billion in South Korea's.
 China, holder of the world's largest reserves, releases
data at the end of every quarter.
 Asia's overall holdings of foreign exchange reserves,
including China's holdings until September, reached $4.2
trillion last month, still up 8 percent from the end of 2007,
data showed.
 For an analysis on Asia's reserves, click [ID:nSP395375]
 Latest foreign exchange reserve holdings:
 Country         Reserves    As at     end-2007    percentage
             $ billion            $ billion       change
 China         1905.60    Sep 30      1528.20       24.70
 Japan          977.72    Oct 31       973.37        0.45
 India          252.88    Oct 31       270.31       -6.45
 Taiwan         278.15    Oct 31       262.22        6.08
 South Korea    212.25    Oct 31       275.56      -22.97
 Singapore      162.20    Oct 31       162.95       -0.46
 Hong Kong      154.90    Oct 31       152.70        1.44
 Malaysia       100.20    Oct 31       101.30       -1.09
 Thailand       103.20    Oct 31        87.60       17.81
 Indonesia       50.58    Oct 31        57.04      -11.33
 Philippines     35.70    Oct 31        33.75        5.78
 Pakistan        06.76    Nov 01        15.74      -57.05
 Bangladesh       5.55    Oct 31         5.51        0.73
 TOTAL        4,245.70               3,926.25        8.14
 Asia ex-China 2,340.1
 * In April 2005, China injected $15 billion in foreign
exchange reserves into the Industrial and Commercial Bank of
China (1398.HK: Quote, Profile, Research) (601398.SS: Quote, Profile, Research), the country's largest lender, to
help it restructure to sell stocks.
 * In December 2003, China used $45 billion of reserves to
bail out Bank of China (3988.HK: Quote, Profile, Research) and China Construction Bank
[CCB.UL] (0939.HK: Quote, Profile, Research).
 Those funds are not included in this figure.
 Sources: central banks.
 (Reporting by Kevin Yao; Editing by Kazunori Takada)

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