Macau’s foreign exchange reserves amounted to MOP196.2 billion (US$24.4 billion) at the end of February 2011, according to preliminary estimates by the Monetary Authority. The reserves rose by 2.2 percent from the revised value of MOP192.0 billion for the previous month. When compared with a year earlier, the reserves increased by MOP46.4 billion or 31.0 percent. Macau’s foreign exchange reserves at end-February 2011 represented 30 times the currency in circulation.
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