Staff Reporter
,
Singapore
This represents 55% of the circulating Hong Kong dollar.
According to a news release, Hong Kong's official foreign currency reserve assets amounted to US$301.2 billion at the end of September, up by US$3 billion on August's figure, the Monetary Authority announced today.
Hong Kong’s foreign currency reserve assets, including unsettled forward contracts, stood at US$301.2 billion.
The total foreign currency reserve assets represent more than eight times the currency in circulation or 55% of Hong Kong dollar M3
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