Forex reserves climb to US$422b

Local | 7 Dec 2017 4:36 pm

Hong Kong's foreign currency reserve assets rose to US$422.1 billion as at the end of last month from US$419.2 billion at the end of October this year, the Hong Kong Monetary Authority said today.

The total foreign currency reserve assets of US$422.1 billion represent over seven times the currency in circulation or about 44 percent of Hong Kong dollar M3.

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