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The Macanese pataca or Macau pataca (traditional Chinese: 澳門元; simplified Chinese: 澳门元; Cantonese Yale: Oumún yùhn; pinyin: Aòmén yuán; 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 ...
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.
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 ...
The local name of the currency is used in this list, with the adjectival form of the country or region. ... Macanese pataca (澳門圓) – Macau; Maltese pataca ...
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 ...
Present currency ISO 4217 code Country or dependency (administrating country) Currency sign Fractional unit ... Macanese pataca: MOP Macau: MOP$ [48] Ho [49] Ringgit [50]
The currency board and de facto central bank of Macau is the Monetary Authority of Macao. [citation needed] Banknotes of the Macau pataca, the official currency of the Macau SAR, is issued by Monetary Authority of Macao, [citation needed] Banco da China, Sucursal de Macau and Banco Nacional Ultramarino. [citation needed]
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