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Foreign currency reserves up

Foreign currency reserves up

Hong Kong’s foreign currency reserve assets rose to US$438.7 billion in September
from US$432.8 billion in August, the Monetary Authority announces.
ncluding unsettled foreign exchange contracts, the foreign currency reserve assets at the end of September increased to US$431.5 billion from August’s US$425.6 billion.

The reserve assets represent about seven times the currency in circulation or 46% of Hong Kong dollar M3.
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