Published:
Exchange Fund's November assets rocket $35.9b
Resulting to a total of 2.6482 trillion.
According to the Monetary Authority, the Exchange Fund’s total assets amounted to $2.6482 trillion at the end of November, up $35.9 billion on October.
Foreign currency and Hong Kong dollar assets increased by $20.7 billion and $15.2 billion.
The Monetary Base at the end of November was $1.1359 trillion, an increase of $22.9 billion, or 2.1%, from the end of October.
Backing Assets increased by $24.5 billion, or 2%, to $1.235 trillion. The backing ratio decreased from 108.76% at the end of October to 108.72% at the end of November.
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