Macanese pataca

Macanese pataca
澳門元 (Chinese)
pataca de Macau (Portuguese)[1]
1 pataca coin 2007
ISO 4217
CodeMOP (numeric: 446)
Subunit0.01
Unit
Unitpataca
Pluralpatacas (Portuguese only)
Symbol$
Denominations
Subunit
110 (Chinese) (ho)
no specific Portuguese name for ten avos
1100 (Chinese) (sin) avo (Portuguese)
(no longer in circulation)
Banknotes
 Freq. used$10, $20, $50, $100, $500
 Rarely used$1,000
Coins
 Freq. used10, 50 avos, $1, $5
 Rarely used20 avos, $2, $10 (still minted)
Demographics
User(s) Macau (alongside Hong Kong Dollar)[2][3]
Issuance
Monetary authorityAutoridade Monetária de Macau
 Websitewww.amcm.gov.mo
PrinterIssuing banks:

Banco Nacional Ultramarino
Banco da China
Printer:

Hong Kong Note Printing
Valuation
Inflation0.37%
 SourceDirecção dos Serviços de Estatística e Censos, February 2017
Pegged withHong Kong dollar (HK$)
HK$1 = MOP 1.03
Macanese pataca
Chinese name
Traditional Chinese澳門元
Simplified Chinese澳门元
Portuguese name
Portuguesepataca de Macau[1]

The Macanese pataca or Macau pataca (simplified Chinese: 澳门元; traditional Chinese: 澳門元; pinyin: Aòményuán; Jyutping: ou3 mun4 jyun4; Portuguese: pataca de Macau; sign: $; abbreviation: P;[4][5] ISO code: MOP) is the currency of the Macao Special Administrative Region of the People's Republic of China. It is subdivided into 100 avos (; sin), with 10 avos called ho () in Cantonese.

Macau has a currency board system under which the pataca is 100 per cent backed by foreign exchange reserves, in this case currently the Hong Kong dollar (itself backed by the United States dollar).[6] Moreover, the currency board, Monetary Authority of Macau (AMCM), has a statutory obligation to issue and redeem Macau pataca on demand against the Hong Kong dollar at a fixed exchange rate of HK$1 = MOP 1.03, and without limit.[7]

  1. ^ a b DSEC government document
  2. ^ Chan, S. S. (2000). The Macau Economy. Publications Centre, University of Macau. ISBN 99937-26-03-6
  3. ^ "The Basics | Fodor's Travel". Retrieved 26 March 2023.
  4. ^ "World Bank Editorial Style Guide 2020 - page 137" (PDF). openknowledge.worldbank.org. Retrieved 3 September 2022.
  5. ^ "Macau". CIA World Factbook 1990 - page 187. 1 April 1990. Retrieved 3 September 2022. {{cite book}}: |website= ignored (help)
  6. ^ "Macau SAR Government pledges for free trade and investment - MSAR Gov…". Government Information Bureau of the MSAR. Macau. 19 March 2001. Archived from the original on 5 August 2012. Retrieved 7 February 2019.
  7. ^ "The history of pataca". Monetary Authority of Macao. Archived from the original on 20 December 2012. Retrieved 4 January 2008.

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