
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.