Exchange Fund total assets up $2.3b

January 31, 2012

The total assets of the Exchange Fund amounted to $2.4927 trillion at the end of December, up $2.3 billion on November.
 
The Monetary Authority said today foreign-currency assets increased by $10.4 billion and Hong Kong dollar assets decreased by $8.1 billion.
 
The Currency Board Account showed the Monetary Base at the end of December was $1.076 trillion, up $15.8 billion, or 1.49%, on November. The rise was mainly due to an increase in Certificates of Indebtedness.
 
Backing Assets increased by $16.8 billion, or 1.46%, to $1.172 trillion.
 
At the end of December, the backing ratio stood at 108.92%, compared with 108.95% in November.