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 Dollar①	19234.81	19879.63	19987.74	19840.49	21072.69
Foreign Currency②	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 Dollar①	19354.71	20023.58	20166.35	20042.25	21228.61
Foreign Currency②	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.
①Figures are adjusted to include foreign currency swap deposits.
②Figures are adjusted to exclude foreign currency swap deposits.