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The Macanese pataca or Macau pataca (Chinese: 澳門元; Cantonese Yale: Oumún yùhn; Portuguese: Pataca de Macau; sign: MOP$; [4] [5] ISO code: MOP) is the currency of Macau. It is subdivided into 100 avos (仙; sin), with 10 avos called ho (毫) in Cantonese.
Macau adopts the so-called currency board system under which the legal tender, pataca (MOP), is 100 percent backed by foreign exchange reserves, the Hong Kong dollar (HKD). Moreover, the currency board, Monetary Authority of Macao (AMCM), has a statutory obligation to issue and redeem pataca on demand against Hong Kong dollar at a fixed ...
Macau: Macanese pataca $ or ptc MOP Avo: 100 Hong Kong dollar $ HKD Cent: 100 ... Currency includes paper, cotton, or polymer banknotes and metal coins. States ...
Hong Kong or mainland tourists seldom need to head to money changers when they visit Macau, as the Hong Kong dollar and the yuan are widely accepted by casinos, retailers and taxi drivers in the ...
Former offices of the Monetary and Foreign Exchange Authority of Macau at 45 Rua Pedro Nolasco da Silva, now the Portuguese Consulate General in Macau [pt; zh]. The Monetary Authority of Macao [2] (Chinese: 澳門金融管理局; Portuguese: Autoridade Monetária de Macau, AMCM) is the currency board and the de facto central bank of Macau.
The Banco Nacional Ultramarino introduced its first pataca notes in 1906, in denominations of 1, 5, 50 and 100 pataca. The next year it introduced 10 and 25 pataca notes. The BNU began to issue lower-value notes with 5, 10 and 50 avo notes in 1920, and 1 and 20 avo notes in 1942. In 1944, it introduced a 500 pataca note.
Last year, the revenue from industry-university-research collaboration reached approximately 475 million patacas (about $59.2 million). Over 340 patents were obtained between 2019 and September 2024. Macao is also becoming more active in aligning with the mainland's broader space exploration ambitions, having launched its first space science ...
The Hong Kong Dollar is widely accepted in Macau, even though it has not gained official recognition from Autoridade Monetária de Macau (AMCM) as legal tender in Macau. The Macauese Pataca is pegged to the Hong Kong Dollar at 1.029(buy)/1.032(sell).