25-23  Money Supply
	(100 million MOP (as at end of year))
Items	2007	2008	2009	2010	2011
Money Supply  (M1)	226.1	247.3	306.1	347.3	362.4
Classification 1: MOP	96.0	130.1	149.7	158.8	178.7
HKD	111.8	103.5	145.4	173.4	175.4
Other Currencies	18.2	13.6	10.9	15.1	8.3
Classification 2: Currency in Circulation  (MOP)	39.3	44.0	49.1	54.1	60.8
Demand Deposits	186.8	203.3	257.0	293.2	301.6
Money Supply (M2) ①	1855.4	1897.9	2122.3	2430.5	2979.6
Classification 1: MOP	509.8	541.0	597.5	680.4	772.9
HKD	1014.9	992.4	1137.8	1328.1	1623.3
Other Currencies	330.7	364.5	387.0	422.1	583.4
Classification 2: Money Supply  (M1) ②	226.1	247.3	306.1	347.3	362.4
Quasi-Monetary Liabilities (QML)③	1629.3	1650.6	1816.3	2083.2	2617.2
Savings Deposits	518.8	582.6	825.0	899.4	844.3
Notice Deposits	15.4	13.1	8.4	6.5	4.1
Time Deposits	1094.9	1054.9	982.3	1176.7	1765.4
Notes: ① M2 = M1 + Quasi-Monetary Liabilities (QML)
② 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.
③QML:Quasi-Monetary Liabilities, which consist of savings deposits, notice deposits, time deposits, other deposits and certificates of deposit.