24-23  Money Supply
	(100 million MOP (as at end of year))
Items	2004	2005	2006	2007	2008
Money Supply  (M1)	134.4	127.9	182.6	226.1	247.3
Classification 1: MOP	62.9	68.5	83.8	96.0	130.1
HKD	67.5	54.0	80.4	111.8	103.5
Other Currencies	4.1	5.4	18.4	18.2	13.6
Classification 2: Currency in Circulation  (MOP)	27.7	29.7	34.0	39.3	44.0
Demand Deposits	106.7	98.1	148.5	186.8	203.3
Money Supply (M2) ①	1209.5	1356.6	1689.1	1855.4	1897.9
Classification 1: MOP	313.7	366.9	453.2	509.8	541.0
HKD	662.1	701.5	910.1	1014.9	992.4
Other Currencies	233.6	288.3	325.8	330.7	364.5
Classification 2: Money Supply  (M1) ②	134.4	127.9	182.6	226.1	247.3
Quasi-Monetary Liabilities (QML)③	1075.1	1228.7	1506.6	1629.3	1650.6
Savings Deposits	427.1	364.3	451.9	518.8	582.6
Notice Deposits	12.6	11.6	11.5	15.4	13.1
Time Deposits	635.4	852.8	1043.2	1095.1	1054.9
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.