The Monetary Authority of Macau announced that the preliminary estimate of the territory’s foreign exchange reserves amounted to MOP165.2 billion (US$20.62 billion) at the end of August 2010. The reserves fell slightly by 0.2 percent from the revised value of MOP165.5 billion (US$20.69 billion) for the previous month. When compared with a year earlier, the reserves increased by MOP24.1 billion or 17.1 percent. Macau’s foreign exchange reserves at end-August 2010 represented 32 times the currency in circulation.
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