24-23    Money Supply
(100 million MOP(as at end of year))
Items	1997	1998	1999	2000	2001
Money Supply  (M1)	54.8r	55.8r	50.9r	43.3r	57.1
Classification 1: MOP	35.7r	34.6r	35.9r	27.9r	35.1
HKD	18.6r	20.6r	14.6r	14.7r	21.3
Other Currencies	0.5r	0.6r	0.4r	0.7r	0.6
Classification 2: Currency in Circulation  (MOP)	15.2	15.5	18.2	17.4	19.8
Demand Deposits	39.7	40.3r	32.7r	25.9r	37.3
Money Supply (M2) ①	783.6	807.0r	858.2r	843.0r	913.4
Classification 1: MOP	241.8	248.6r	278.7r	228.3r	261.0
HKD	416.0	428.6r	439.3r	442.8r	467.0
Other Currencies	125.8	129.8r	140.2r	171.9r	185.4
Classification 2: Money Supply  (M1) ②	54.8r	55.8r	50.9r	43.3r	57.1
Quasi-Monetary Liabilities (QML)③	728.7r	751.2r	807.3r	799.7r	856.3
Savings Deposits	134.7	135.1r	148.8r	154.5r	193.6
Notice Deposits	6.7	8.8	8.8r	7.7	8.4
Time Deposits	587.3	607.3r	649.7r	637.5r	654.2
Certificates of Deposits
Notes: Pataca (MOP) is the legal tender in the Macao Special Administrative Region, as stated in "The Basic Law of the Macao Special
Administrative Region of the People's Republic of China".
In compliance with the definition of residency recommended by the International Monetary Fund (IMF),
figures for the years from 1998 to 2000 were adjusted accordingly.
① M2 = M1 + Quasi-Monetary Liabilities (QML)
② Starting from January 2001, the definition of M1 has been revised. Saving Deposits are reclassified as component of the
Quasi-Monetary Liabilities (QML); while M1 includes only Currency in Circulation and Demand Deposits.
③ QML: Quasi-Monetary Liabilities, which consist of savings deposits, notice deposits, time deposits and certificate of deposits.