24-43  Money Supply
	(HKD 100 million, as at end of year)
Item	2007	2008	2009	2010	2011
Legal Tender Notes and Coins in Circulation
Commercial Bank Issues	1634.35	1772.25	2001.85	2267.05	2598.15
Government Issues	78.00	85.72	87.30	91.82	101.83
Total	1712.35	1857.97	2089.15	2358.87	2699.98
Authorized Institutions’ Holdings of
Legal Tender Notes and Coins	132.22	153.17	145.96	170.81	216.96
Legal Tender Notes and Coins in Hands of
Public	1580.13	1704.80	1943.19	2188.06	2483.02
Money Supply : Adjusted for Foreign
Currency Swap Deposits
Money Supply M1
Hong Kong Dollar	4543.42	4911.15	6712.41	7300.93	7947.26
Foreign Currency	1623.66	1547.18	2305.78	2871.34	3325.93
Total	6167.09	6458.33	9018.19	10172.27	11273.20
Money Supply M2
Hong Kong Dollar①	32810.17	32398.57	35877.17	38667.88	40462.16
Foreign Currency②	28253.31	30282.01	30145.93	32694.83	40113.14
Total	61063.48	62680.58	66023.10	71362.71	80575.30
Money Supply M3
Hong Kong Dollar①	33005.00	32613.06	36048.43	38781.93	40554.04
Foreign Currency②	28392.58	30394.45	30220.01	32780.67	40256.75
Total	61397.58	63007.51	66268.43	71562.60	80810.79
Money Supply : Unadjusted for Foreign
Currency Swap Deposits
Money Supply M2
Hong Kong Dollar	32804.47	32393.75	35873.30	38665.67	40458.82
Foreign Currency	28259.01	30286.82	30149.80	32697.04	40116.47
Total	61063.48	62680.58	66023.10	71362.71	80575.30
Money Supply M3
Hong Kong Dollar	32999.30	32608.24	36044.56	38779.72	40550.71
Foreign Currency	28398.28	30399.26	30223.87	32782.88	40260.09
Total	61397.58	63007.51	66268.43	71562.60	80810.79
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.