Asian Economic News

Hong Kong Foreign Currency Reserves Increase In April

Hong Kong's official foreign currency reserve assets totaled $295.6 billion at the end of April, up from $294.6 billion in March, the Hong Kong Monetary Authority said Monday.

The total foreign currency reserve assets of $295.6 billion represent over eight times the currency in circulation or about 55 percent of Hong Kong dollar M3.

by RTTNews Staff Writer

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