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Hong Kong's Latest Foreign Currency Reserve Assets Figures Released The Hong Kong Monetary Authority (HKMA) announced today (Tuesday) that the official foreign currency reserve assets of Hong Kong amounted to US$137.1 billion at the end of July 2007 (end-June 2007: US$136.3 billion) (Table 1). Including unsettled forward contracts, the foreign currency reserve assets of Hong Kong at the end of July 2007 also stood at US$137.1 billion (end-June 2007: US$136.3 billion). Hong Kong is the world’s ninth largest holder of foreign currency reserves based on the latest published figures, after Mainland China, Japan, Russia, Taiwan, Korea, India, Brazil and Singapore (Table 2). The total foreign currency reserve assets of US$137.1 billion represent about seven times the currency in circulation or 33% of Hong Kong dollar M3.
For further enquiries, please contact: Hong Kong
Monetary Authority **************************************************************** 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 August 2007, the scheduled dates for issuing the
press releases are as follows:
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