Got enough money

In the wake of businessman Donald Trump’s election as the next President of the United States, the Monetary Authority of Macau (AMCM) released a press release stating that ‘Macau’s fiscal and financial positions are strong enough to withstand market volatilities’.
The statement reads that ‘in response to possible large uncertainties in the markets’ AMCM has initiated a surveillance and response system and increased communication with local financial institutions to timely implement procedures to stabilise the economic and financial systems of the MSAR ‘if needed’.
Noting the MSAR had foreign exchange reserves of MOP154.9 billion (US$19.4 billion) as at the end of September, and fiscal reserve assets amounting to MOP438.3 billion, AMCM notes that ‘the government and local financial system are able to cope’ with volatilities in financial markets.
‘In addition, the AMCM’s Crisis Management Group will pay close attention to changes in the international financial markets, in accordance with established surveillance indicators in order to judge the impact on Macau’s monetary and financial markets and return on reserve investment’, notes the release. The group also urges the general public to invest ‘prudently within one’s capacity and pay attention to risks’.