News Column

Hong Kong : Foreign currency reserve assets up

May 9, 2014

Hong Kong's official foreign currency reserve assets stood at US$317.8 billion at the end of April, up US$900 million over March, the Monetary Authority announced today.

There were no unsettled foreign-exchange contracts at the end of April, or at the end of March.

The reserve assets represent more than seven times the currency in circulation, or about 51% of Hong Kong dollar M3.

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Source: TendersInfo (India)

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