The Exchange Fund's foreign assets amounted to $1.136 trillion in October, down $58.7 billion on September, the Monetary Authority says.

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 $362.8 billion.

Claims on the private sector amounted to $82.2 billion. Foreign liabilities, representing mainly obligations under repurchase agreements, amounted to $1.7 billion.