AMCM says pataca exchange rate dropped against currencies of Macao’s major trading partners on a monthly basis but grew on an annual basis.
foreign exchange reserves
2.7 per cent fall means reserves are now 11 times the local currency in circulation.
The government’s 2019 foreign exchange reserves, fiscal reserves and Guangdong-Macao Cooperation and Development Fund’s investment scheme have been reviewed and the follow-up committee is satisfied with its investment performance.
Macau’s foreign exchange reserves amounted to 154.1 billion patacas at the end of April, the Macau Monetary Authority (AMCM) said in a statement on Monday.
The preliminary estimate of the Macau Special Administrative Region’s foreign exchange reserves reached to 125.9 billion patacas (15.76 billion U.S. dollars) at the end of June 2014, according to the figures released on Tuesday by the Monetary Authority of Macao. The reserves for June increased by 2.6 percent over the revised value of 122.7 billion […]