Hong Kong’s Latest Foreign Currency Reserve Assets Figures Released
The Hong Kong Monetary Authority (HKMA) announced today (6 September)
that the official foreign currency reserve assets of Hong Kong
amounted to US$423. 4 billion as at the end of August 2024 (end-July
2024: US$419. 1 billion) (Annex).
Including unsettled foreign
exchange contracts, the foreign currency reserve assets of Hong Kong
at the end of August 2024 amounted to US$422. 8 billion (end-July
2024: US$418. 5 billion).
The total foreign currency reserve
assets of US$423. 4 billion represent over five times the currency in
circulation or about 39% of Hong Kong dollar M3.
Annex
Hong Kong Monetary Authority 6 September 2024
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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 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 September
2024, the scheduled dates for issuing the press releases are as
follows: 6 September SDDS International Reserves (Hong Kong’s Latest
Foreign Currency Reserve Assets Figures) 13 September SDDS Analytical
Accounts of the Central Bank (Analytical Accounts of the Exchange
Fund) 30 September SDDS Template on International Reserves and Foreign
Currency Liquidity 30 September Exchange Fund Abridged Balance Sheet
and Currency Board Account