Hong Kong’s Latest Foreign Currency Reserve Assets Figures Released

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07 Mar 2012

Hong Kong’s Latest Foreign Currency Reserve Assets Figures Released

The Hong Kong Monetary Authority (HKMA) announced today (Wednesday) that the official foreign currency reserve assets of Hong Kong amounted to US$294.7 billion as at the end of February 2012 (end‑January 2012: US$292.8 billion) (Annex). 

Including unsettled forward contracts, the foreign currency reserve assets of Hong Kong at the end of February 2012 stood at US$294.7 billion (end- January 2012: US$293.2 billion).

The total foreign currency reserve assets of US$294.7 billion represent over eight times the currency in circulation or about 55% of Hong Kong dollar M3.

Annex

Hong Kong Monetary Authority
7 March 2012

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At present, four press releases relating to the Exchange Fund’s data are issued by the HKMA each month.  Three of these releases are issued to disseminate monetary data in accordance with the International Monetary Fund’s Special Data Dissemination Standard (SDDS).  The fourth press release, on the Exchange Fund’s Abridged Balance Sheet and Currency Board Account, is made in accordance with the HKMA’s policy of maintaining a high level of transparency.  For the month of March 2012, the scheduled dates for issuing the press releases are as follows:

7 March

SDDS International Reserves (Hong Kong’s Latest Foreign Currency Reserve Assets Figures) 

14 March

SDDS Analytical Accounts of the Central Bank (Analytical Accounts of the Exchange Fund) 

30 March

Exchange Fund Abridged Balance Sheet and Currency Board Account 

30 March

SDDS Template on International Reserves and Foreign Currency Liquidity 

 

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Last revision date : 07 March 2012