Statistics | Currency in circulation fell 1.7 percent in November

According to information released last week by the Monetary Authority of Macau, broad money supply continued to fall during November 2015. Meanwhile, total deposits fell faster than total loans, causing the banking sector’s overall loan-to-deposit ratio to increase.
The total currency in circulation fell by 1.7 percent from last month to MOP469.7 billion. For November, the share of currency in circulation denominated in MOP stood at 30 percent, while that denominated in HKD and RMB amounted to 50.6 percent and 7.4 percent, respectively. The share in MOP increased by 0.8 percentage points from a month ago, while both HKD and RMB were slightly down from October.
On aggregate, resident deposits
decreased by 1.8 percent from the preceding month to MOP457.7 billion, of which MOP deposits
increased by about 1 percent. Meanwhile, HKD and RMB deposits
fell 1.9 percent and 5.9 percent, respectively.
As for domestic loans, the private sector saw a marginal increase of 0.1 percent from a month ago to MOP389.3 billion. Analyzed by currency, MOP loans amounted to MOP255.8 billion, while loans granted in HKD and RMB amounted to MOP255.8 billion and MOP21.3 billion, respectively.
On the other hand, external loans slipped 1.3 percent to MOP382 billion, of which almost half was denominated in USD (MOP189.6 billion).
As such, the loan-to-deposit ratio for the resident sector grew by 0.9 percentage points to 66.9 percent, while the ratio for both the resident and non-resident sectors rose 0.8 percentage points in November to 90.7 percent.