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Foreign Currency Reserves Grow at Double-Digit Rate in Macao
China's Macao special administrative region (SAR) reports a 16.7 percent increase year on year in its foreign currency reserves which stood at 26.7 billion patacas (US$3. 34 billion) by the end of 2000.
The SAR government reaped 480 million patacas (60 million dollars) of profits from foreign currency investment last year, up 2.8 times from the previous year, according to the latest press communique from the Macao Monetary Authority.
The foreign currency assets in banks stood at 43.8 billion patacas (US$5.48 billion), up 21.7 percent from 1999, the source said.
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