The pataca is the monetary unit of Macau (currency code MOP; Chinese: 澳門圓), made up of 100 avos. Monetary policy is managed by the Monetary Authority of Macau. The abbreviation MOP$ is commonly used. Banco Nacional Ultramarino is a Portuguese bank with operations throughout the world, especially in Portugals former colonies. ... Macau International Airport (澳門國際機場) is the only airport in the Macau Special Administrative Region of the Peoples Republic of China. ... Macau Tower, Macau Macau Tower, also known as Macau Sky Tower, is a tower located in Macau, a special administrative region of Peoples Republic of China. ... Bank of China Limited (Chinese: 中国银行; pinyin: ) (BOC) is one of the big four state-owned commercial banks of the Peoples Republic of China. ... The University of Macau (Universidade de Macau, 澳門大學, formerly known as the University of East Asia) was established in 1981, as the first university in Macau. ... It has been suggested that this article or section be merged into Hong Kong-Macau Ferry Pier. ... Ponte de Amizade or Friendship Bridge (Chinese: 友誼大橋, also known as 新澳氹大橋) is a four-lane two-way bridge connecting Macau Peninsula near the Reservatório and the island of Taipa at Pac On. ... For exchange rates, see here. ... The Monetary Authority of Macau (澳門金融管理局; AMCM as the abbreviation retained from the past; Autoridade Monetaria de Macau, in Portuguese) is a regulatory institution established on December 20, 1999, upon the return of the Macau Special Administrative Region (SAR) to the Peoples Republic of China. ...

The name "pataca" is derived from formerly popular silver coin in Asia, the Mexican peso (eight reales), known in Portuguese as the pataca mexicana. Another version of the pataca was also used in Portuguese Timor, now East Timor, until 1957, when it was replaced by the escudo. See also: Asian and Eurasian World map showing Asia. ... The peso is the currency of Mexico. ... Portuguese Timor is the former name (1596 - 1975) of East Timor when it was under Portuguese control. ... 1957 (MCMLVII) was a common year starting on Tuesday of the Gregorian calendar. ... The escudo was the currency of Portuguese Timor between 1958 and 1976. ...

History

The pataca was introduced in 1894. It was initially equvalent to the Mexican peso and replaced the Portuguese real at a rate of one pataca for 450 reis. The peso is the currency of Mexico. ... The real (plural réis) was the unit of currency in Portugal until 1911. ...

The pataca has been the legal tender in Macau for nearly a century. The Banco Nacional Ultramarino (BNU) has been the banknote-issuing authority since 1905. Pataca banknotes have been circulated in Macau since January 27, 1906. Pataca coins were first issued in 1952. However, owing to the small market demand in Macau, the second issue was postponed until 1967. The coins were bronze 5 and 10 avos, cupro-nickel 50 avos and silver 1 and 5 patacas. 1905 (MCMV) was a common year starting on Sunday (see link for calendar). ... January 27 is the 27th day of the year in the Gregorian calendar. ... 1906 (MCMVI) was a common year starting on Monday (see link for calendar). ... 1952 (MCMLII) was a Leap year starting on Tuesday (link will take you to calendar). ... 1967 (MCMLXVII) was a common year starting on Sunday of the Gregorian calendar. ... Assorted ancient bronze castings found as part of a cache, probably intended for recycling. ... Cupronickel is an alloy of copper, nickel and stengthening impurities. ... General Name, Symbol, Number silver, Ag, 47 Chemical series transition metals Group, Period, Block 11, 5, d Appearance lustrous white metal Atomic mass 107. ...

In 1980, the Macau Government transferred the exclusive right to issue patacas to the Instituto Emissor de Macau (IEM). The BNU became the IEM's agent bank and continued to issue banknotes. On agreement with the BNU on October 16, 1995, the Bank of China became the second note-issuing bank. The authority to issue patacas was transferred to the Monetary Authority of Macau (AMCM). 1980 (MCMLXXX) was a leap year starting on Tuesday. ... October 16 is the 289th day of the year (290th in Leap years). ... 1995 (MCMXCV) was a common year starting on Sunday of the Gregorian calendar. ... Bank of China Limited (Chinese: 中国银行; pinyin: ) (BOC) is one of the big four state-owned commercial banks of the Peoples Republic of China. ... The Monetary Authority of Macau (澳門金融管理局; AMCM as the abbreviation retained from the past; Autoridade Monetaria de Macau, in Portuguese) is a regulatory institution established on December 20, 1999, upon the return of the Macau Special Administrative Region (SAR) to the Peoples Republic of China. ...

Coins and Banknotes

The pataca comes in banknotes of 10, 20, 50, 100, 500 and 1000 patacas, and coins of 10, 20 and 50 avos, as well as one, two and five patacas. Banknotes are issued by the Banco Nacional Ultramarino and the Bank of China. Coins are issued by the Monetary Authority of Macau. The current series of BNU banknotes was issued in 2005, while the Bank of China notes were last issued in 1999 and 2003. Banco Nacional Ultramarino is a Portuguese bank with operations throughout the world, especially in Portugals former colonies. ... Bank of China Limited (Chinese: 中国银行; pinyin: ) (BOC) is one of the big four state-owned commercial banks of the Peoples Republic of China. ... The Monetary Authority of Macau (澳門金融管理局; AMCM as the abbreviation retained from the past; Autoridade Monetaria de Macau, in Portuguese) is a regulatory institution established on December 20, 1999, upon the return of the Macau Special Administrative Region (SAR) to the Peoples Republic of China. ...

Exchange rate

The following figures are included as a guide to the movements of the pataca against the pound sterling and the United States dollar: The pound sterling is the official currency of the United Kingdom (UK). ... This article is about general United States currency. ...

Despite the fact that the pataca is the official currency of Macau, most of the money in circulation in the territory is actually Hong Kong dollars. Patacas accounted for only 29.9% of Macau's money supply at the end of 1998. 1998 (MCMXCVIII) is a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean. ...

The exchange rate is loosely pegged and is approximately MOP$103 for HK$100 as of February 2004, although the variation is up to 10%. For United States dollars, to which the Hong Kong dollar is in turn pegged, the exchange rate is around 8 patacas to 1 US dollar. While it is possible to exchange patacas in Macau, it is difficult, if not impossible, to do so outside the territory, even in Hong Kong. 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... A linked exchange rate system is a type of exchange rate regime to link the exchange rate of a currency to another. ...

There are no restrictions on how much foreign or local currency may be taken into or out of Macau.

Notes

1. ^ Wheeler, Tony. South-East Asia on a Shoestring. 3rd ed. Melboune: Lonely Planet, 1980.

External links

• Monetary Authority of Macau