Macanese pataca
The Macanese pataca or Macau pataca (Chinese: 澳門元; Jyutping: ou3 mun4 jyun4; Portuguese: pataca de Macau; sign: $; abbreviation: P; ISO code: MOP) is the currency of the Macao Special Administrative Region of the People's Republic of China. It is subdivided into 100 avos (仙; sin), with 10 avos called ho (毫) in Cantonese.
| 澳門元 (Chinese) pataca de Macau (Portuguese) | |
|---|---|
| ISO 4217 | |
| Code | MOP (numeric: 446) |
| Subunit | 0.01 |
| Unit | |
| Unit | pataca |
| Plural | patacas (Portuguese only) |
| Symbol | $ |
| Denominations | |
| Subunit | |
| 1⁄10 | 毫 (Chinese) (ho) no specific Portuguese name 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, $10 (still minted) |
| Demographics | |
| User(s) | Macau (alongside Hong Kong Dollar) |
| Issuance | |
| Monetary authority | Autoridade Monetária de Macau |
| Website | www |
| Printer | Issuing banks:
Banco Nacional Ultramarino |
| Valuation | |
| Inflation | 0.37% |
| Source | Direcção dos Serviços de Estatística e Censos, February 2017 |
| Pegged with | Hong Kong dollar (HK$) 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 |
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.