Exchange Fund’s total assets fell to $2.858t

Monetary Base stood up 0.5% to $1.2385t.

In a report, the Monetary Authority announced that the Exchange Fund’s total assets amounted to $2.858 trillion at the end of August, down $26.1 billion on July.

Foreign currency and Hong Kong Dollar assets decreased by $15.1 billion and $11 billion.

The Monetary Base stood at $1.2385 trillion at the end of August, up $6 billion, or 0.5% on the end of July.

Backing Assets increased by $4.3 billion, or 0.3%, to $1.3313 trillion. The backing ratio decreased from 107.67% to 107.5% at the end of August.