The impact of Great Britain’s referendum to leave the European Union (EU) will have a “relatively limited” impact on Macau, a statement by the office of Secretary for Economy and Finance Lionel Leong Vai Tac predicts.
According to the statement issued on Friday, Leong held a meeting with the Macau Monetary Authority (AMCM) on Friday to assess Brexit’s impact on the local economy.
The statement points out that the British pound accounts for merely 0.35 percent of the AMCM assets, while none of Macau’s official reserves are held in the British currency.
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