Commodity Online
HONG KONG : Hong Kong’s Monetary Authority on Friday said it’s official foreign- currency reserve assets rose to $193.4 billion in April, up $7.1 billion on March.
In a statement issued here the Authority said foreign currency reserve assets stood at $194 billion including unsettled forward contracts.
The total foreign-currency reserve assets represent about eight times the currency in circulation, or 45 percent of Hong Kong dollar M3.
Hong Kong is the world's seventh largest holder of foreign currency reserves, after China, Japan, Russia, Taiwan, India and South Korea.
