Forex reserves drop to MOP215b by March
The preliminary estimate of Macau’s foreign exchange reserves amounted to 215.1 billion patacas (about 26.6 billion U.S. dollars) at the end of March. The latest statistics from the Monetary Authority of Macao showed that the reserves decreased 0.8% from the revised value of 216.9 billion patacas for the previous month. The foreign exchange reserves as of the end of March represented 10 times the currency in circulation, or 84.1% of the pataca broad money supply (M2) at the end of February.
