Foreign currency reserves down

August 5, 2022

Hong Kong's foreign currency reserve assets dropped to US$441.7 billion in July from June's US$447.2 billion, the Monetary Authority announced today.


The reserve assets represent about six times the currency in circulation or 42% of Hong Kong dollar M3.


Including unsettled foreign exchange contracts, the foreign currency reserve assets at the end of July amounted to US$440.1 billion.

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