The Hong Kong Monetary Authority (HKMA) announced today (Friday) that the official foreign currency reserve assets of Hong Kong amounted to US$475.0 billion as at the end of October 2020 (end-September 2020: US$453.4 billion) (Annex).

Including unsettled foreign exchange contracts, the foreign currency reserve assets of Hong Kong at the end of October 2020 amounted to US$474.0 billion (end-September 2020: US$456.3 billion).

The total foreign currency reserve assets of US$475.0 billion represent over six times the currency in circulation or about 45% of Hong Kong dollar M3.

 

Annex

 

Hong Kong Monetary Authority
6 November 2020

****************************************************************

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 November 2020, the scheduled dates for issuing the press releases are as follows:

6 November

SDDS International Reserves
(Hong Kong’s Latest Foreign Currency Reserve Assets Figures)

13 November

SDDS Analytical Accounts of the Central Bank
(Analytical Accounts of the Exchange Fund)

30 November

SDDS Template on International Reserves and Foreign Currency Liquidity

30 November

Exchange Fund Abridged Balance Sheet and Currency Board Account

 



Source link

Is your business effected by Cyber Crime?

If a cyber crime or cyber attack happens to you, you need to respond quickly. Cyber crime in its several formats such as online identity theft, financial fraud, stalking, bullying, hacking, e-mail fraud, email spoofing, invoice fraud, email scams, banking scam, CEO fraud. Cyber fraud can lead to major disruption and financial disasters. Contact Digitpol’s hotlines or respond to us online.

Digitpol is available 24/7.

Email: info@digitpol.com
ASIA +85239733884
Europe +31558448040
UK +44 20 8089 9944

Write a comment:
*

Your email address will not be published.