FOREIGN CURRENCY RESERVES DROP
7-3-2022
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Hong Kong's foreign currency reserve assets dropped to US$490.9 billion in February from January’s US$492.5 billion, the Monetary Authority announced today.
The reserve assets represent over six times the currency in circulation or about 47% of Hong Kong dollar M3.
Including unsettled foreign exchange contracts, the foreign currency reserve assets at the end of February decreased to US$490.8 billion from January’s US$492.5 billion.
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