Hong Kong's official foreign currency reserve assets decreased to US$159.0 billion at the end of May from US$159.9 billion recorded at the end of April, the Hong Kong Monetary Authority reported Tuesday. The foreign currency reserve assets including unsettled forward contracts also stood at US$159.0 billion at the end of May.
Further, the central bank said the total foreign currency reserve assets of US$159.0 billion represent over seven times the currency in circulation or about 39% of Hong Kong dollar M3.
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