　

25-23 Money Supply
					(100 million MOP(as at end of year))
Items	1999	2000	2001	2002	2003

Money Supply (M1)	53.6	49.5	59.2	63.5	87.9
Classification 1: MOP	36.7	31.8	35.2	39.3	48.7
HKD	16.5	17.0	23.3	23.6	35.3
Other Currencies	0.4	0.7	0.6	0.6	3.8
Classification 2: Currency in Circulation (MOP)	18.2	17.2	19.0	20.5	23.6
Demand Deposits	35.4	32.3	40.2	43.0	64.3
Money Supply (M2) ①	861.0	849.2	915.5	989.6	1110.9
Classification 1: MOP	279.5	232.2	261.1	275.4	296.4
HKD	441.2	445.1	469.1	512.2	594.4
Other Currencies	140.2	171.9	185.4	201.9	220.1
Classification 2: Money Supply (M1) ②	53.6	49.5	59.2	63.5	87.9
Quasi-Monetary Liabilities (QML)③	807.3	799.7	856.3	926.1	1023.0
Savings Deposits	148.8	154.5	193.6	230.7	349.2
Notice Deposits	8.8	7.7	8.4	9.3	12.3
Time Deposits	649.7	637.5	654.3	686.0	661.5


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.