Macau’s foreign exchange reserves amounted to MOP132.5 billion (US$16.6 billion) at the end of December, the monetary authority announced today. The reserves increased by 0.5 percent month-on-month. According to the Fiscal Reserves Act that came into force last year, the foreign exchange reserves should be separated from the fiscal reserve and managed separately. The official transfer of relevant assets was made in February last year – therefore, no yearly comparisons are available. As of February 2012, the city’s foreign exchange reserves stood at MOP126.7 billion.
—
