The Monetary Authority of Macao announced yesterday that its preliminary estimate of the MSAR’s foreign exchange reserves amounted to MOP150.5 billion at the end of May 2016. The reserves had decreased by 0.8 percent from the revised value of MOP151.7 billion for the previous month. Macau’s foreign exchange reserves at the end of May 2016 represented a total of 12 times the currency in circulation. The trade-weighted effective exchange rate index for the MOP rose by 0.47 points month-to-month and 1.59 points year-on-year to MOP105.36 billion in May. Broadly speaking, this implies that the MOP appreciated against the currencies of Macau’s major trading partners.
UM student wins national competition
Yang Shanshan
A linguistics PhD student from University of Macau’s (UM) Department of English, recently won the fifth “All China Interpreting Contest” championship, receiving an “Excellence Award” and being voted as “Favorite Interpreter.” Yang Shanshan competed alongside a total of 1,814 contestants from 439 universities across China in the contest, which is considered the most prestigious and well-known interpreting competition, according to UM. She also received the highest score in the “sudoku” interpreting round.
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