23-43  Money Supply
	(HKD 100 million, as at end of year)
Item	2003	2004	2005	2006	2007
Legal Tender Notes and Coins in Circulation
Commercial Bank Issues	1342.15	1467.75	1492.95	1573.85	1634.35
Government Issues	65.50	66.04	69.64	71.15	78.00
Total	1407.65	1533.79	1562.59	1645.00	1712.35
Authorized Institutions’ Holdings of
Legal Tender Notes and Coins	128.98	125.76	139.52	142.69	132.22
Legal Tender Notes and Coins in Hands of
Public	1278.67	1408.03	1423.07	1502.31	1580.13
Money Supply : Adjusted for Foreign
Currency Swap Deposits
Money Supply M1
Hong Kong Dollar	3547.52	4126.29	3482.48	3879.18	4543.63
Foreign Currency	586.71	718.65	864.37	1037.39	1623.66
Total	4134.23	4844.94	4346.84	4916.57	6167.29
Money Supply M2
Hong Kong Dollar①	21072.69	22085.91	23296.69	27778.23	32813.36
Foreign Currency②	17061.73	19581.16	20493.88	22766.53*	28253.31
Total	38134.42	41667.06	43790.57	50544.75*	61066.67
Money Supply M3
Hong Kong Dollar①	21228.61	22195.57	23458.38	27956.88	33008.20
Foreign Currency②	17351.83	19699.87	20613.51	22941.96*	28392.58
Total	38580.44	41895.44	44071.88	50898.84*	61400.78
Money Supply : Unadjusted for Foreign
Currency Swap Deposits
Money Supply M2
Hong Kong Dollar	21058.60	22075.17	23288.34	27770.99	32807.67
Foreign Currency	17075.82	19591.89	20502.23	22773.77*	28259.01
Total	38134.42	41667.06	43790.57	50544.75*	61066.67
Money Supply M3
Hong Kong Dollar	21214.52	22184.83	23450.03	27949.64	33002.50
Foreign Currency	17365.92	19710.61	20621.86	22949.2*	28398.28
Total	38580.44	41895.44	44071.88	50898.84*	61400.78
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.