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Island deposits rise by £1.1 billion

The Island's financial regulator says more than a billion pounds arrived on the Island between March and June.

The Financial Services Authority has released the latest update on the Island's deposit base.

It says the amount of money on the Island went up by £1.12 billion to £43.39 billion in the second financial quarter.

And the report adds at the end of June, 45 per cent of deposits were in US dollars and Euros.

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