Macao's foreign exchange reserves reach $35b in January
Updated: 2012-02-15 17:20
(Xinhua)
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MACAO - The preliminary estimate of Macao's foreign exchange reserves amounted to 283.3 billion patacas ($35.46 billion) at the end of January 2012, according to the figures released Wednesday by the Monetary Authority.
The reserves for January rose 4.0 percent month-on-month and 47.6 percent year-on-year, the figures indicated.
Macao's foreign exchange reserves at the end of January 2012 represented 47 times the currency in circulation at the end of December 2011.
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, increased by 0.2 points month-to-month but fell by 0.23 points year-on-year to 88. 60 in January 2012.
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