Exchange Fund foreign assets up $3.7B

The Exchange Fund’s foreign assets grew by $3.7 billion in January to reach $2.0394 trillion.

The Monetary Authority today said the monetary base, comprising certificates of indebtedness, Government issued currency notes and coins in circulation, the Aggregate Balance and Exchange Fund Bills and Notes issued, amounted to $1.0642 trillion.

 
Claims on the private sector in Hong Kong amounted to $195.3 billion. Foreign liabilities, representing mainly obligations under repurchase agreements, amounted to $300 million.