China, Macao agree to provide $ deposit exchange

CHINA - The Bank of China and the Monetary Authority of Macao (MAM) signed a cooperative agreement on Wednesday to provide Macao dollar deposit and exchange services.

According to the agreement, the Bank of China will open Macao dollar deposit and exchange services on 2 September in major city branches of Guangdong Province, the province contiguous with the Macao Special Administrative Region.

A spokesman for the MAM said that, with the development of economic and trade exchanges and cooperatio