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The Hong Kong Monetary Authority (HKMA) released today (Jaunary 14) key analytical accounts of the Exchange Fund at the end of December 2007, reporting a decrease of HK$5.1 billion in the foreign assets of the Exchange Fund during the month.
Foreign assets, representing the external assets of the Exchange Fund, amounted to HK$1,087.9 billion.
The Monetary Base, comprising Certificates of Indebtedness, Government issued currency notes and coins in circulation, the Aggregate Balance of the banking system and Exchange Fund Bills and Notes issued, amounted to HK$320.2 billion.
Claims on the private sector in Hong Kong amounted to HK$122.9 billion.
Foreign liabilities, representing mainly obligations under repurchase agreements, amounted to HK$0.4 billion.
The analytical accounts of the Exchange Fund are released in accordance with the International Monetary Fund's Special Data Dissemination Standard (SDDS) and are referred to as the Analytical Accounts of the Central Bank under SDDS (Annex).
For further enquiries, please contact:
Peggy Lo, Manager (Press), at 2878 1687 or
Hing-fung Wong, Officer (Press), at 2878 1802
Hong Kong Monetary Authority
January 14, 2008
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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 January 2008, the scheduled dates for issuing the press releases are as follows:
January 7 SDDS International Reserves (Hong Kong's
(Issued) Latest Foreign Currency Reserve Assets
Figures)
January 14 SDDS Analytical Accounts of the Central
Bank (Analytical Accounts of the Exchange
Fund)
January 31 Exchange Fund Abridged Balance Sheet and
Currency Board Account
January 31 SDDS Template on International Reserves
and Foreign Currency Liquidity
Ends/Monday, January 14, 2008
Issued at HKT 16:47
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