Hong Kong's official foreign currency reserves rose to 186.2 billion U.S. dollars at the end of March, compared with 177.1 billion U.S. dollars at the end of February, the Hong Kong Monetary Authority said Tuesday.
The foreign currency reserves including unsettled forward contracts also stood at 186.2 billion U.S. dollars at the end of March 2009.
The total foreign currency reserve assets of 186.2 billion U.S. dollars represent about eight times the currency in circulation, or 45 percent of HK dollar M3, the broadest of a range of measures of money supply in an economy.
It makes Hong Kong the world's eighth largest holder of foreign reserves.
Source: Xinhua
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