MACAO, Sept. 5 (Xinhua) -- Macao's broad money supply rebounded in July with a stable share of patacas, as broad monetary supply M2 grew 8.5 percent year-on-year to 616.4 billion patacas (about 76.4 billion U.S. dollars), the special administrative region's monetary watchdog said here on Wednesday.
According to statistics released Wednesday by the Monetary Authority of Macao, currency in circulation dropped 0.7 percent month-to-month whereas demand deposits rose 2.2 percent. M1 thus increased 1.6 percent from one month earlier.
Meanwhile, quasi-monetary liabilities rose 2.0 percent. The sum of these two items, i.e. M2, therefore increased 1.9 percent month-to-month to 616.4 billion patacas (about 76.4 billion dollars). On an annual basis, M1 and M2 grew 16.4 percent and 8.5 percent respectively.
The shares of pataca, Hong Kong dollar, renminbi and U.S. dollar in M2 were 31.9 percent, 52.2 percent, 4.5 percent and 9.5 percent respectively.
