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Foreign currency reserves hit US$418.4b in August
It fell from the US$421.6b record in July.
Hong Kong's foreign currency reserve assets dropped to US$418.4b in August from US$421.6b in July.
According to the Monetary Authority, the reserve assets represent over five times the currency in circulation or about 40% of Hong Kong dollar M3.
“Including unsettled foreign exchange contracts, the foreign currency reserve assets at the end of August decreased to US$418b,” added the Monetary Authority.
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