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Traditional ChineseSimplified ChineseText onlyPDARSS
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March 9, 2009

Assets
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Foreign-currency reserves dip to US$177.1b
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Monetary Authority

Hong Kong's official foreign-currency reserve assets have dropped from US$181.7 billion in January to US$177.1 billion at the end of February, the Monetary Authority announced today.

 

Including unsettled forward contracts, the foreign-currency reserve assets also stood at US$177.1 billion.

 

Hong Kong is the world's eighth largest holder of foreign-currency reserves based on the latest published figures, after Mainland China, Japan, Russia, Taiwan, India, Korea and Brazil.

 

The total foreign-currency reserve assets of US$177.1 billion represent over seven times the currency in circulation or about 42% of Hong Kong dollar M3.

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