Forex reserves dip
Source: Xinhua |
00:00 UTC+8 June 8, 2010
|
Print Edition
Print Edition
HONG Kong's official foreign currency reserve assets fell to US$256.2 billion in May, down US$3 billion from April, its monetary authority said yesterday.
The Hong Kong Monetary Authority said there were no unsettled forward contracts at the end of May and end of April.
According to the HKMA, Hong Kong is the world's seventh-largest holder of foreign currency reserves after Chinese mainland, Japan, Russia, Taiwan, India and South Korea.
The US$256.2 billion represent over nine times the currency in circulation, or about 53 percent of Hong Kong dollar M3.
The Hong Kong Monetary Authority said there were no unsettled forward contracts at the end of May and end of April.
According to the HKMA, Hong Kong is the world's seventh-largest holder of foreign currency reserves after Chinese mainland, Japan, Russia, Taiwan, India and South Korea.
The US$256.2 billion represent over nine times the currency in circulation, or about 53 percent of Hong Kong dollar M3.
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