HK's April forex assets drop by US$800m to US$490.6b

Business | 7 May 2021 6:49 pm

Hong Kong's official foreign currency reserve assets dropped  by US$800 million (HK$6.24 billion) to US$490.6 billion in end-April, The Hong Kong Monetary Authority announced.

The total foreign currency reserve assets represent about seven times the currency in circulation or 47 percent of Hong Kong dollar M3. There were no unsettled foreign exchange contracts in end-April 2021.



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