24-23  Money Supply
	(100 million MOP (as at end of year))
Items	2003	2004	2005	2006	2007
Money Supply  (M1)	87.9	134.4	127.9	182.6	226.1
Classification 1: MOP	48.7	62.9	68.5	83.8	96.0
HKD	35.3	67.5	54.0	80.4	111.8
Other Currencies	3.8	4.1	5.4	18.4	18.2
Classification 2: Currency in Circulation  (MOP)	23.6	27.7	29.7	34.0	39.3
Demand Deposits	64.3	106.7	98.1	148.5	186.8
Money Supply (M2) ①	1110.9	1209.5	1356.6	1689.1	1855.4
Classification 1: MOP	296.7	313.7	366.9	453.2	509.8
HKD	594.4	662.1	701.5	910.1	1014.9
Other Currencies	219.8	233.6	288.3	325.8	330.7
Classification 2: Money Supply  (M1) ②	87.9	134.4	127.9	182.6	226.1
Quasi-Monetary Liabilities (QML)③	1023.0	1075.1	1228.7	1506.6	1629.3
Savings Deposits	349.2	427.1	364.3	451.9	518.8
Notice Deposits	12.3	12.6	11.6	11.5	15.4
Time Deposits	661.5	635.4	852.8	1043.2r	1095.1
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".
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.