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Foreign currency reserves down

November 07, 2017

Hong Kong's foreign currency reserve assets dropped to US$419.2 billion in October from US$419.3 billion in September, the Monetary Authority said today.


Including unsettled foreign exchange contracts, foreign currency reserve assets at the end of October dropped to US$410.9 billion from US$411 billion in September.


The reserve assets represent more than seven times the currency in circulation or 47% of Hong Kong dollar M3.

Asian financial Forum