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 From Hong Kong's Information Services Department
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October 9, 2006
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Finance
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Foreign currency reserves up US$1.4b
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Monetary Authority logo

Hong Kong's official foreign currency reserve assets rose US$1.4 billion to US$130.3 billion at the end of September, the Monetary Authority says.

 

Including unsettled forward contracts, the foreign currency reserve assets of Hong Kong at the end of September also stood at US$130.3 billion, up US$1.4 billion on August.

 

Hong Kong is the world's seventh largest holder of foreign currency reserves, after the Mainland, Japan, Russia, Taiwan, South Korea and India.

 

The total foreign currency reserve assets of US$130.3 billion represents over six times the currency in circulation or about 39% of Hong Kong dollar M3.