MACAU, August 16 – The Financial Authority of Macao introduced immediately that the preliminary estimate of Macao SAR’s overseas alternate reserves amounted to MOP210.0 billion (USD25.98 billion) on the finish of July 2022. The reserves decreased by 1.9% from the revised worth of MOP214.0 billion (USD26.48 billion) for the earlier month. Macao SAR’s overseas alternate reserves at end-July 2022 represented 10 instances the foreign money in circulation or 83.9% of pataca M2 at end-June 2022.
The trade-weighted efficient alternate fee index for the pataca rose 1.31 factors month-to-month and 6.68 factors year-on-year to 109.9 in July 2022, implying that total talking, the alternate fee of the pataca grew in opposition to the currencies of Macao’s main buying and selling companions.
