May forex assets rise to US$442.3b

Local | 5 Jun 2020 4:39 pm

Official foreign currency reserve assets of Hong Kong increased to US$442.3 billion at end May from  US$441.3 billion at end April, the Hong Kong Monetary Authority reported.

Including unsettled foreign exchange contracts, the foreign currency reserve assets of Hong Kong at the end of May amounted to US$440.8 billion, unchanged from April.
 
 The total foreign currency reserve assets of US$442.3 billion represent over six times the currency in circulation or about 46 percent of Hong Kong dollar M3.


 

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