Staff Reporter ,Hong Kong
This represents about seven times the currency in circulation.
The Hong Kong Monetary Authority announced the official foreign currency reserve assets of Hong Kong as of September 2021 on 7 October.
The assets amounted to $495b (HKD 3.85) at the end of September 2021. There were no unsettled foreign exchange contracts in end-September 2021.
The current foreign currency reserve assets represent about seven times the currency in circulation or 48% of the Hong Kong dollar.
There is a little decrease when compared to the reserves in end-August 2021 at $497.1b.
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