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.