ECONOMY | Staff Reporter, Hong Kong

Foreign currency reserves down to US$419.2b in October

Assets slipped slightly from US$419.3b in September.

Hong Kong's foreign currency reserve assets dropped to US$419.2b in October from US$419.3b in September, the Monetary Authority said.

Including unsettled foreign exchange contracts, foreign currency reserve assets at the end of October dropped to US$410.9b from US$411b in September.

The reserve assets represent more than seven times the currency in circulation or 47% of Hong Kong dollar M3.

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