Date
26 April 2018

Macau seeks relaxed RMB conversion limit

Macau’s monetary authority will pursue discussions with the People’s Bank of China on relaxing restrictions on the city’s renminbi business, including the 20,000 yuan (US$3,287) daily conversion limit, according to a statement posted on the government website on Friday. As of end-September, renminbi deposits in Macau reached 62.3 billion yuan, the statement said.

– Contact HKEJ at [email protected]

YL/AC/CG

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