Macau’s Forex Reserves Fall after Disappointing Golden Week
Posted on 10/18/2017
Following a poor turnout at casinos over China’s Golden Week, the Monetary Authority of Macau quickly reevaluated preliminary estimates of Macau’s foreign exchange reserves for the month of September 2017 to 157.9 billion MOP (US$ 19.63 billion), down 1.0% from the previous month. The pataca experienced a similar decline in its trade-weighted effective exchange rate […]
