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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

UK currency reserves rise to $46.869bln August vs $44.632bln July

Posted on 06 September 2011

The U.K.’s foreign currency reserves increased to $46.869 billion in August from $44.632 billion in July, with valuation effects accounting for most of the increase, according to Treasury data published Monday.
Valuation effects added $2.230 billion to the value of net currency reserves held, while transactions against sterling accounted for the rest of the $2.237 billion increase, the Treasury said………………………………………Full Article: Source


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