HK foreign currency reserves up $1.9 bln in June 2009-07-07 21:23:59   Print

    HONG KONG, July 7 (Xinhua) -- Hong Kong's official foreign currency reserve assets rose to 207 billion U.S. dollars in June, up 1.9 billion on May, the Monetary Authority of Hong Kong said Tuesday.

    Including unsettled forward contracts, foreign currency reserve assets stood at 208.2 billion U.S. dollars, up 3.1 billion on May, said the authority.

    Hong Kong is the world's seventh largest holder of foreign currency reserves based on the latest published figures, after the Chinese mainland, Japan, Russia, Taiwan, India and South Korea.

    The total foreign currency reserve assets of 207 billion U.S. dollars represent over eight times the currency in circulation, or47 percent of Hong Kong dollar M3.

Special Report:  Global Financial Crisis

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