Macau forex reserves up

The preliminary estimate of Macau SAR’s foreign exchange reserves amounted to MOP169.7 billion (US$21.23 billion) at the end of September 2010, according to the monetary authority. The reserves rose by 2.7 percent from the revised value of MOP165.2 billion for the previous month. When compared with a year earlier, the reserves increased by MOP27.4 billion or 19.3 percent. Macau SAR’s foreign exchange reserves at end-September 2010 represented 33 times the currency in circulation.