- The Lobby
- Extra Times
Foreign reserves at a record high
MSAR’s foreign currency reserves rose by 1.2 percent to reach MOP 165.7 billion at the end of last month, a new high record. Compared to a year ago, reserves have increased by 17.7 percent and are on an upward trend since October 2009, according to the latest statistics of the Monetary Authority of Macau.
Foreign reserves could now cover almost three times (271 percent) the amount of Patacas in circulation, which is also a new record. Furthermore, reserves represented 33 times the foreign currency in circulation.
Meanwhile the effective exchange rate index, which measures the current Pataca exchange rates against Macau’s major trading partners, is down by 1.04 points from June. Yet the rate increased by 0.81 points year-on-year.
Responsible Right of Expression — In the interest of freedom of expression, coupled with a true sense of responsibility to encourage community dialogue, the Macau Daily Times offers its readers the opportunity to express their opinions on news-related matters through this website. All opinions are welcome. However, we reserve the right to remove comments that are deemed to be obscene, or are merely insults written under the cloak of anonymity. MDT
- IN BROAD DAYLIGHT: Lawyer victim of vicious attack
- D. Pedro V stages stories of “body and farewell”
- Conference on EU-Asia Pacific relationship starts today
- IC selects 5 projects for academic research grants
- More than 40,000 request gov’t healthcare vouchers
- Free telecom services for World Telecom Day
- MOP20m to upgrade bus GPS system
- Pansy Ho promotes Global Tourism Economy Forum in Macau 2013
- Macau Open prize money increases
- Petitioners call for caution over employing non-local students
- Drug abuse among youths increases significantly
- 20th anniversary of the EU-Macau trade agreement - Piket: “A more diversified economy is a more sustainable economy”
- Q1: Package tours increase by 11.8 pct
- 20 workers feel unwell after inhaling tobacco fumes
- Democratic Action collects signatures for elections