Foreign currency reserves down

September 7, 2018

Hong Kong’s official foreign currency reserve assets dropped to US$424.9 billion in August from US$431.9 billion in July, the Monetary Authority announced today.

 

Including unsettled foreign exchange contracts, foreign currency reserve assets at the end of August dropped to US$417.3 billion from US$424.3 billion in July.

 

The reserve assets represent about seven times the currency in circulation or 46% of Hong Kong dollar M3.

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