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24-42  Money Supply
(HKD 100 million, as at end of year)
  Item
1999
2000
2001
2002
2003
  Legal Tender Notes and Coins in Circulation                                                  
  Commercial Bank Issues                  
1181.95
992.65
1075.45
1184.75
1342.15
  Government Issues                       
60.29
61.70
59.43
61.43
65.50
  Total                                   
1242.24
1054.35
1134.88
1246.18
1407.65
  Authorized Institutions' Holdings of      
  Legal Tender Notes and Coins  
247.05
136.74
118.61
113.84
128.98
  Legal Tender Notes and Coins in Hands of  
  Public                                   
995.19
917.61
1016.27
1132.34
1278.67
  Money Supply: Adjusted for Foreign        
  Currency Swap Deposits                   
  Money Supply M1               
  Hong Kong Dollar                        
2053.39
2039.66
2299.98
2594.11
3547.52
  Foreign Currency                        
198.18
398.81
282.15
362.39
586.71
  Total                                   
2251.56
2438.47
2582.14
2956.50
4134.23
  Money Supply M2               
  Hong Kong Dollar¢Ù                      
19234.81
19879.63
19987.74
19840.49
21072.69
  Foreign Currency¢Ú                      
14627.14
16615.29
15512.86
15342.77
17061.73
  Total                                   
33861.96
36494.92
35500.60
35183.26
38134.42
  Money Supply M3               
  Hong Kong Dollar¢Ù                      
19354.71
20023.58
20166.35
20042.25
21228.61
  Foreign Currency¢Ú                      
14989.95
16903.94
15774.95
15576.27
17351.83
  Total                                   
34344.67
36927.53
35941.30
35618.52
38580.44
  Money Supply: Unadjusted for Foreign      
  Currency Swap Deposits                   
  Money Supply M2               
  Hong Kong Dollar                        
18951.40
19836.37
19961.38
19821.42
21058.60
  Foreign Currency                        
14910.56
16658.56
15539.23
15361.84
17075.82
  Total                                   
33861.96
36494.92
35500.60
35183.26
38134.42
  Money Supply M3               
  Hong Kong Dollar                        
19071.30
19980.32
20139.98
20023.18
21214.52
  Foreign Currency                        
15273.37
16947.21
15801.32
15595.34
17365.92
  Total                                   
34344.67
36927.53
35941.30
35618.52
38580.44
  Notes: Hong Kong dollar is the legal tender in the Hong Kong Special Administrative Region, as stated in "The Basic Law of the Hong Kong Special
           Administrative Region of the People's Republic of China". Foreign currency refers to any currency other than the Hong Kong currency.
           Accordingly Chinese Renminbi is also treated as foreign currency.
          ¢ÙFigures are adjusted to include foreign currency swap deposits.
          ¢ÚFigures are adjusted to exclude foreign currency swap deposits.
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