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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 .
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 rating agency also upgraded Macau's foreign currency bank deposit ceiling to 'Aa3' from 'A1'. [49] There are twenty other licensed banks, sixteen of which are foreign. Macau has five of the top 500 commercial banks in Asia, including Banco Tai Fung and Industrial and Commercial Bank of China.
Macau's gambling industry is the largest in the world, generating over MOP195 billion (US$24 billion) in revenue and about seven times larger than that of Las Vegas. [15] Macau's gambling revenue was $37 billion in 2018. [128] Taxes from gambling revenues fund a robust welfare system and an annual cash payment to Macau's citizens. [81]: 204
Pages in category "Currencies of Macau" This category contains only the following page. This list may not reflect recent changes. M. Macanese pataca;
The Monetary Authority of Macao has authorized two banks to issue banknotes denominated in Macanese pataca, the Bank of China and Banco Nacional Ultramarino S.A., CGD's subsidiary in Macau. [5] [6] Owing to Macau's Portuguese colonial past, the languages on the banknotes feature Portuguese as well as Chinese.
Macau retained the pataca as its currency, which remained the responsibility of the Monetary Authority of Macau, and pegged to the Hong Kong dollar. [31] However, the Bank of China began issuing banknotes in 1995.
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 ...