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April 14, 2004

Monetary Authority
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Exchange Fund foreign assets up $0.7 b
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Monetary Authority

The Exchange Fund's foreign assets grew $0.7 billion to $913.3 billion at the end of March.

 

The Monetary Base, comprising Certificates of Indebtedness, Government-issued currency notes and coins in circulation, the Aggregate Balance of the banking system and Exchange Fund Bills and Notes issued, amounted to $322.3 billion.

 

Claims on the private sector in Hong Kong amounted to $53.4 billion.

 

Foreign liabilities, representing mainly obligations under repurchase agreements, amounted to $0.9 billion.

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