Photo by Ruslan Bardash on Unsplash

Foreign currency reserves hit US$21.4b in October

It decreased from US$422.8b in September.

Foreign currency reserve assets slipped from US$422.8b in September to US$421.4b in October.

According to the Monetary Authority, the reserve assets represent over five times the currency in circulation or about 39% of Hong Kong dollar M3.

“There were no unsettled foreign exchange contracts in end-October and September 2024,” added the Monetary Authority.

 

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