MACAO, Sept. 4 (Xinhua) -- Macao's broad money supply retreated slightly by 1.3 percent month-to-month in July with a stable share of patacas, the special administrative region's monetary watchdog said here on Wednesday.
According to statistics released by the Monetary Authority of Macao, the currency in circulation and demand deposits fell by 0.6 percent and 5.5 percent respectively. M1 thus decreased by 4.5 percent from one month earlier.
Meanwhile, quasi-monetary liabilities dropped 0.8 percent. The sum of these two items, i.e. broad money supply or M2, fell by 1.3 percent to 662.8 billion patacas (about 82.2 billion U.S. dollars).
On an annual basis, M1 and M2 increased 0.2 percent and 7.5 percent respectively, the monetary watchdog added.
The shares of pataca (MOP), Hong Kong dollar (HKD), renminbi (RMB) and United States dollar (USD) in M2 were 31.6 percent, 48.3 percent, 5.4 percent and 12.9 percent respectively.
Resident deposits went down by 1.3 percent from the preceding month to 646.4 billion patacas (about 80.2 billion dollars) while non-resident deposits also dropped 3.4 percent to 265.1 billion patacas (about 32.9 billion dollars).
Meanwhile, public sector deposits with the banking sector decreased 0.2 percent to 247.9 billion patacas (about 30.8 billion dollars). As a result, total deposits in the banking sector fell 1.6 percent from a month earlier to 1,159.5 billion patacas (about 143.9 billion dollars).
The shares of MOP, HKD, RMB and USD in total deposits were 19.0 percent, 48.1 percent, 4.6 percent and 25.9 percent respectively.
