Hong Kong Official Currency Reserve Assets at $413.7 Billion in August 2017
Hong Kong | 7th September 2017
The Hong Kong Monetary Authority (HKMA) announced today (Monday) that the official foreign currency reserve assets of Hong Kong amounted to $413.7 billion as at the end of August 2017 (end-July 2017: $413.3 billion).
” HONG KONG OFFICIAL RESERVE AT US$413.7 BILLION “
Including unsettled foreign exchange contracts, the foreign currency reserve assets of Hong Kong at the end of August 2017 amounted to $405.5 billion (end-July 2017: $405.0 billion).
The total foreign currency reserve assets of $413.7 billion represent over seven times the currency in circulation or about 46% of Hong Kong dollar M3.
Official Press Release by Hong Hong Monetary Authority