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23-40 Money Supply  
(HKD 100 million, as at end of year)  
 
 Item   
1998 
 
1999 
 
2000 
 
2001 
 
2002 
 
 
 Legal Tender Notes and Coins in Circulation
 Commercial Bank Issues   
864.65 
 
1181.95 
 
992.65 
 
1075.45 
 
1184.75 
 Government Issues   
60.30 
 
60.29 
 
61.70 
 
59.43 
 
61.43 
 Total   
924.95 
 
1242.24 
 
1054.35 
 
1134.88 
 
1246.18 
 Authorized Institutions' Holding of
 Legal Tender Notes and Coins   
113.21 
 
247.05 
 
136.74 
 
118.61 
 
113.84 
 Legal Tender Notes and Coins in Hands of
 Public   
811.74 
 
995.19 
 
917.61 
 
1016.27 
 
1132.34 
 Money Supply: Adjusted for Foreign
 Currency Swap Deposits 
 Money Supply M1 
 Hong Kong Dollar   
1782.60 
 
2053.39 
 
2039.66 
 
2299.98 
 
2594.11 
 Foreign Currency   
194.06 
 
198.18 
 
398.81 
 
282.15 
 
362.39 
 Total   
1976.66 
 
2251.56 
 
2438.47 
 
2582.14 
 
2956.50 
 Money Supply M2 
 Hong Kong Dollar   
18286.91 
 
19234.81 
 
19879.63 
 
19987.74 
 
19840.4
 Foreign Currency   
12832.51 
 
14627.14 
 
16615.29 
 
15512.86 
 
15342.7
 Total   
31119.42 
 
33861.96 
 
36494.92 
 
35500.60 
 
35183.2
 Money Supply M3 
 Hong Kong Dollar   
18408.24 
 
19354.71 
 
20023.58 
 
20166.35 
 
20042.2
 Foreign Currency   
13273.75 
 
14989.95 
 
16903.94 
 
15774.95 
 
15576.2
 Total   
31681.99 
 
34344.67 
 
36927.53 
 
35941.30 
 
35618.5
 Money Supply: Unadjusted for Foreign
 Currency Swap Deposits 
 Money Supply M2 
 Hong Kong Dollar   
17994.03 
 
18951.40 
 
19836.37 
 
19961.38 
 
19821.4
 Foreign Currency   
13125.40 
 
14910.56 
 
16658.56 
 
15539.23 
 
15361.8
 Total   
31119.42 
 
33861.96 
 
36494.92 
 
35500.60 
 
35183.2
 Money Supply M3 
 Hong Kong Dollar   
18115.35 
 
19071.30 
 
19980.32 
 
20139.98 
 
20023.1
 Foreign Currency   
13566.63 
 
15273.37 
 
16947.21 
 
15801.32 
 
15595.3
 Total   
31681.99 
 
34344.67 
 
36927.53 
 
35941.30 
 
35618.5
 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.
 Figures are adjusted to include foreign currency swap deposits.
 Figures are adjusted to exclude foreign currency swap deposits.
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