The Hong Kong Monetary Authority (HKMA) announced on Monday that the official foreign currency reserve assets of Hong Kong amounted to US$152.7 billion at the end of December, 2007 (end-November, 2007: US$150.4 billion).
Including unsettled forward contracts, the foreign currency reserve assets of Hong Kong at the end of December, 2007 also stood at US$152.7 billion (end-November, 2007: US$150.6 billion).
Hong Kong is the world's ninth largest holder of foreign currency reserves based on the latest published figures, after Mainland China, Japan, Russia, India, Taiwan, Korea, Brazil and Singapore.
The total foreign currency reserve assets of US$152.7 billion represent about seven times the currency in circulation or 33% of Hong Kong dollar M3, according to the Monetary Authority.
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