The financial reserves of the Macau Special Administrative Region (MSAR) stood at 620.1 billion patacas (US$77.7 billion) at the end of November last year, the Macau Monetary Authority (AMCM) announced today.
Macau's quasi-central bank announced the figure in a synopsis of the financial reserves published in the Official Gazette (BO).
Month-on-month, the reserves grew by 8.8 billion patacas.
According to an AMCM statement last week, the MSAR's foreign exchange reserves amounted to 200.8 billion patacas at the end of last month, a 3.9 percent increase from the end of November.
Macau's pataca currency is pegged to the Hong Kong dollar (1 pataca = HK$0.97). Through its Hong Kong dollar peg the pataca is indirectly linked to the US dollar (1 US$ = 7.98 patacas).
While the pataca is Macau's sole legal tender, the Hong Kong dollars is its customary tender such as in the property sector.
