Hong Kong's Foreign Currency Reserve Assets Fall to $413.1 Billion in March

Brewer Kohnen

22Days ago

Hong Kong's foreign currency reserve assets fell to $413.1 billion at the end of March from $416.4 billion the previous month, government data showed.

The assets represent over five times the currency in circulation or 37% of Hong Kong dollar M3.

There were unsettled foreign exchange contracts at the end of March, according to a Monday news release from the Hong Kong Monetary Authority.

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