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Foreign exchange reserves and nominal effective exchange rate index for the pataca – May 2019
The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP164.3 billion (USD20.36 billion) at the end of May 2019. The reserves decreased by 0.2% from the revised value of MOP164.7 billion (USD20.39 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-May 2019 represented 10 times the currency in circulation or 80.7% of pataca M2 at end-April 2019.
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Macao attends UNESCO Creative Cities Network Annual Conference in Italy, signs memorandum with Shunde
Macao is joining delegates of cities from around the world to participate in the 13rd UNESCO Creative Cities Network Annual Conference that opened yesterday (June 12) at the Creative City of Crafts and Folk Art of Fabriano, in Italy. During the major annual gathering of the network, aside from presenting the initiatives developed over the past year and plans ahead as a Creative City of Gastronomy, Macao also joined other Creative Cities of Gastronomy to sign a memorandum of agreement to enhance joint activities in a project initiated by the Creative City of Gastronomy of Shunde.
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