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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

UK currency reserves increase to $44.6bln in July

Posted on 04 August 2011

The U.K.’s foreign currency reserves increased to $44.632 billion in July from $42.551 billion in June, with valuation effects accounting for most of the increase, according to Treasury data published Wednesday.
Valuation effects added $1.614 billion to the value of net currency reserves held, while transactions against sterling accounted for $468 million, resulting in a net increase of $2.082 billion in total net reserves……………………………………….Full Article: Source


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