HK forex assets rise to US$494.5b

Finance | 7 Jun 2021 6:32 pm

The Hong Kong Monetary Authority said the official foreign currency reserve assets were US$494.5 billion (HK$3.86 trillion) as of the end of May 2021, compared with end-April at US$490.6 billion.

There were no unsettled foreign exchange contracts at end-May 2021 and end-April 2021.

The total foreign currency reserve assets of US$494.5 billion represent about seven times the currency in circulation or 47 percent of Hong Kong dollar M3, which is a measure of the money supply.

 



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