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ECONOMY | Tony Chua, Hong Kong

November Exchange Fund foreign assets drop $100mn

The Monetary Base reached $1.0602tn while claims on the private sector amounted to $143.5bn.

The Exchange Fund's foreign assets shrunk by $100 million in November, to $2.1699 trillion, the Monetary Authority said Wednesday.

The Monetary Base, comprising Certificates of Indebtedness, government issued currency notes and coins in circulation, the Aggregate Balance and Exchange Fund Bills and Notes issued, amounted to $1.0602 trillion.

Claims on the private sector in Hong Kong amounted to $143.5 billion.

Foreign liabilities, representing fees payable to the Exchange Fund’s external managers, amounted to $200 million.

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