HK forex assets dip to US$423b

Local | 7 Nov 2018 4:54 pm

Hong Kong's foreign currency reserve assets declined to US$423.1 billion as at the end of October 2018 from US$426.4 billion at the end of September, the Hong Kong Monetary Authority announced today.

Including unsettled foreign exchange contracts, the foreign currency reserve assets of Hong Kong at the end of October 2018 was US$415.5 billion from US$418.8 billion at end of September.

The total foreign currency reserve assets of US$423.1 billion represent about seven times the currency in circulation or 45 per cent of Hong Kong dollar M3, the HKMA said.

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