Hong Kong Official Currency Reserve Assets at $422.1 Billion in November 2017
Hong Kong | 7th December 2017
The Hong Kong Monetary Authority (HKMA) announced today (Thursday) that the official foreign currency reserve assets of Hong Kong amounted to $422.1 billion as at the end of November 2017 (end-October 2017: $419.2 billion)
” HONG KONG OFFICIAL RESERVE AT US$422.1 BILLION “
Including unsettled foreign exchange contracts, the foreign currency reserve assets of Hong Kong at the end of November 2017 amounted to $413.5 billion (end-October 2017: $410.9 billion).
The total foreign currency reserve assets of $422.1 billion represent over seven times the currency in circulation or about 44% of Hong Kong dollar M3.
Official Press Release by Hong Hong Monetary Authority (The latest monthly figures are preliminary and subject to change)