Foreign currency reserves down
November 7, 2018
Hong Kong’s foreign currency reserve assets dropped to US$423.1 billion in October from US$426.4 billion in September, the Monetary Authority announced today.
Including unsettled foreign exchange contracts, foreign currency reserve assets at the end of October dropped to US$415.5 billion from US$418.8 billion in September.
The reserve assets represent about seven times the currency in circulation or 45% of Hong Kong dollar M3.