Macanese pataca
| 澳門元 (Chinese) Pataca de Macau (Portuguese) | |
|---|---|
1 pataca coin 2007 | |
| ISO 4217 | |
| Code | MOP (numeric: 446) |
| Subunit | 0.01 |
| Unit | |
| Unit | pataca |
| Plural | patacas (Portuguese only) |
| Symbol | $, MOP$ or 元 |
| Denominations | |
| Subunit | |
| 1⁄10 | 毫 (Chinese) (ho) There is no corresponding Portuguese term for ten avos. |
| 1⁄100 | 仙 (Chinese) (sin)
avo (Portuguese) (no longer in circulation) |
| Banknotes | |
| Freq. used | $10, $20, $50, $100, $500 |
| Rarely used | $1,000 |
| Coins | |
| Freq. used | 10, 50 avos, $1, $5 |
| Rarely used | 20 avos, $2, $10 (still minted) |
| Demographics | |
| User(s) | Macau SAR (alongside Hong Kong Dollar) |
| Issuance | |
| Monetary authority | Autoridade Monetária de Macau |
| Website | www |
| Printer | Issuing banks:
Banco Nacional Ultramarino |
| Valuation | |
| Inflation | 0.37% |
| Source | Direcção dos Serviços de Estatística e Censos, February 2017 |
| Pegged with | Hong Kong dollar (HK$) HK$1 = MOP 1.03 |
| Macanese pataca | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Chinese name | |||||||||||||||
| Traditional Chinese | 澳門元 | ||||||||||||||
| Simplified Chinese | 澳门元 | ||||||||||||||
| |||||||||||||||
| Portuguese name | |||||||||||||||
| Portuguese | Pataca de Macau | ||||||||||||||
| Economy of Macau |
|---|
| Currency and identity |
| Resources |
| Companies |
| Other Macau topics |
The Macanese pataca or Macau pataca (Chinese: 澳門元; Cantonese Yale: Oumún yùhn; Portuguese: Pataca de Macau; sign: MOP$; 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 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). 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.