ECONOMY | Staff Reporter, Hong Kong

Foreign currency reserves down to a mere US$277.7b in September

It was down by US$1.9 billion on August's figure.

According to a release, Hong Kong's official foreign currency reserve assets amounted to US$277.7 billion at the end of September, down by US$1.9 billion on August's figure, the Monetary Authority announced.

Including unsettled forward contracts, the figures were the same for the same periods.

The total foreign currency reserve assets represent more than eight times the currency in circulation or 55% of Hong Kong dollar M3.

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