Money
Macao's forex reserves reach $24.44b in February
Updated: 2011-03-16 11:14
(Xinhua)
MACAO - The preliminary estimate of the Macao Special Administrative Region's foreign exchange reserves amounted to 196.2 billion patacas ($24.44 billion) at the end of February 2011, according to the figures released by the Monetary Authority of Macao Tuesday.
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Macao's foreign exchange reserves at the end of February 2011 represented 30 times the currency in circulation at the end of January.
The trade-weighted effective exchange rate index for the pataca, a gauge of the domestic currency's exchange rates against the currencies of Macao's major trading partners, fell 0.62 points month-to-month or 2.07 points year-on-year to 88.21 in February 2011.
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