Foreign currency reserves unchanged

2020-09-09 03:00:41

Hong Kong's foreign currency reserve assets rose to US$450 billion in August, unchanged from that of July, the Monetary Authority announced today.

The reserve assets represent over six times the currency in circulation or about 44% of Hong Kong dollar M3.

Including unsettled foreign exchange contracts, the foreign currency reserve assets at the end of August amounted to US$449.9 billion, unchanged from that of July.

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