Forex reserves up

Macau’s foreign exchange reserves amounted to MOP190.2 billion (US$23.78 billion) at the end of December 2010, increasing by 4.4 percent from the previous month. When compared with a year earlier, the reserves increased by MOP43.6 billion or 29.8 percent. Macau’s foreign exchange reserves at end-December 2010 represented 36 times the currency in circulation.