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The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA) announced today (October 7) that the official foreign currency reserve assets of Hong Kong amounted to US$303.5 billion as at the end of September 2013 (end August 2013: US$303.9 billion) (Annex).
There were no unsettled foreign exchange contracts both at end-September and end-August 2013.
The total foreign currency reserve assets of US$303.5 billion represent over seven times the currency in circulation or about 51% of Hong Kong dollar M3.
Release calendar
The release calendar of foreign currency reserve assets for 2014 is announced below:
Reference month Release date
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January 2014 February 7, 2014
February 2014 March 7, 2014
March 2014 April 7, 2014
April 2014 May 8, 2014
May 2014 June 6, 2014
June 2014 July 7, 2014
July 2014 August 7, 2014
August 2014 September 5, 2014
September 2014 October 8, 2014
October 2014 November 7, 2014
November 2014 December 5, 2014
December 2014 January 7, 2015
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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 October 2013, the scheduled dates for issuing the press releases are as follows:
October 7
SDDS International Reserves
(Hong Kong's Latest Foreign Currency Reserve Assets Figures)
October 11
SDDS Analytical Accounts of the Central Bank
(Analytical Accounts of the Exchange Fund)
October 31
Exchange Fund Abridged Balance Sheet and Currency Board Account
October 31
SDDS Template on International Reserves and Foreign Currency Liquidity
Ends/Monday, October 7, 2013
Issued at HKT 17:11
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