23-43  Money Supply
	(HKD 100 million, as at end of year)
Item	2004	2005	2006	2007	2008
Legal Tender Notes and Coins in Circulation
Commercial Bank Issues	1467.75	1492.95	1573.85	1634.35	1772.25
Government Issues	66.04	69.64	71.15	78.00	85.72
Total	1533.79	1562.59	1645.00	1712.35	1857.97
Authorized Institutions’ Holdings of
Legal Tender Notes and Coins	125.76	139.52	142.69	132.22	153.17
Legal Tender Notes and Coins in Hands of
Public	1408.03	1423.07	1502.31	1580.13	1704.80
Money Supply : Adjusted for Foreign
Currency Swap Deposits
Money Supply M1
Hong Kong Dollar	4126.29	3482.48	3879.09*	4543.42*	4911.15
Foreign Currency	718.65	864.37	1037.39	1623.66	1547.18
Total	4844.94	4346.84	4916.48*	6167.09*	6458.33
Money Supply M2
Hong Kong Dollar①	22085.91	23296.69	27776.79*	32810.17*	32398.57
Foreign Currency②	19581.16	20493.88	22766.53*	28253.31	30297.21
Total	41667.06	43790.57	50543.32*	61063.48*	62695.78
Money Supply M3
Hong Kong Dollar①	22195.57	23458.38	27955.45*	33005.00*	32613.06
Foreign Currency②	19699.87	20613.51	22941.96*	28392.58	30409.65
Total	41895.44	44071.88	50897.41*	61397.58*	63022.70
Money Supply : Unadjusted for Foreign
Currency Swap Deposits
Money Supply M2
Hong Kong Dollar	22075.17	23288.34	27769.55*	32804.47*	32393.75
Foreign Currency	19591.89	20502.23	22773.77*	28259.01	30302.02
Total	41667.06	43790.57	50543.32*	61063.48*	62695.78
Money Supply M3
Hong Kong Dollar	22184.83	23450.03	27948.21*	32999.30*	32608.24
Foreign Currency	19710.61	20621.86	22949.20*	28398.28	30414.46
Total	41895.44	44071.88	50897.41*	61397.58*	63022.70
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.