Hong Kong Official Currency Reserve Assets at $413.3 Billion in July 2017
Hong Kong | 7th August 2017
The Hong Kong Monetary Authority (HKMA) announced today (Monday) that the official foreign currency reserve assets of Hong Kong amounted to $413.3 billion as at the end of July 2017 (end-June 2017: US$408.0 billion).
” Hong Kong Official Reserve at US$413.3 Billion “
Including unsettled foreign exchange contracts, the foreign currency reserve assets of Hong Kong at the end of July 2017 amounted to $405.0 billion (end-June 2017: $399.7 billion).
The total foreign currency reserve assets of $413.3 billion represent over seven times the currency in circulation or about 47% of Hong Kong dollar M3.
Official Press Release by Hong Hong Monetary Authority
- Visit: Hong Hong Monetary Authority
- About: Hong Kong Monetary Authority
Join the Rise of Asia. Share a Story, Article or Photo here. For Press Release, visit here.
About The Wealth Times The Wealth Times is the premier economic & financial media for Asia. Covering Asia’s most relevant developments in economy, business and finance. Asia is the world’s fastest growing economy with GDP exceeding $25 trillion and powered by 4.4 billion people. Where should you invest your capital for the next decade? Which are the fastest growing companies in Asia? Which is the most exciting sector to be in? Which are the top cities to be in? Which country has new economic policies? Who are the most influential leaders? Who are the top business leaders?
