FOREIGN CURRENCY RESERVES UP
7-12-2021
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Hong Kong's foreign currency reserve assets rose to US$499.5 billion in November from October’s US$498 billion, the Monetary Authority announced today.
The reserve assets represent about seven times the currency in circulation or about 48% of Hong Kong dollar M3.
Including unsettled foreign exchange contracts, the foreign currency reserve assets at the end of November increased to US$498.5 billion from October’s US$498 billion.
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