The Macao government to launch new integrated payment machine “Simple Pay” in the first quarter of the year.
Monetary Authority of Macao
Macao’s foreign exchange reserves amounted to MOP 187.60 billion (US$23.50 billion) at the end of October 2020, according to preliminary data released by the Monetary Authority of Macao (AMCM) on Monday.
Bank of China, Limited (BOC) and Banco Nacional Ultramarino, SA (BNU) will both remain the issuers of the Macao currency until 2030, based under new agency contracts for the issuance of banknotes that had been signed today.
Macao’s broad money supply rose 3.7% month-on-month in June with a stable share of patacas, the Macao Monetary Authority (AMCM) said in a statement on Tuesday.
Macao’s foreign exchange reserves amounted to MOP 189.6 billion (US$23.75 billion) at the end of June, the Monetary Authority of Macao said in a statement on Wednesday.
Joint Announcement of People’s Bank of China, Hong Kong Monetary Authority, and Monetary Authority of Macao on Launch of Cross-boundary Wealth Management Connect Pilot Scheme in Guangdong-Hong Kong-Macao Greater Bay Area
Macao’s foreign exchange reserves amounted to MOP 183.3 billion (US$22.95 billion) at the end of last month, the Monetary Authority of Macao (AMCM) said in a statement on Monday.
The new approvals of residential mortgage loans (RMLs) and commercial real estate loans (CRELs) by Macao banks both decreased in April 2020.
The Monetary Authority of Macao has cut its benchmark interest rate by 25 basis points, following an identical decision six weeks ago.