Monetary Authority of Macau

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Monetary Authority of Macau

The central bank of Macau. It is responsible for issuing the Macanese pataca. The pataca is pegged to the Hong Kong dollar using a currency board system. That is, the Monetary Authority of Macau is legally obligated to redeem pataca for the equivalent amount of Hong Kong dollars on demand. It was established in 1989 and re-formed in 1999 upon the transfer of Macau from Portuguese to Chinese control
References in periodicals archive ?
The Monetary Authority of Macao (AMCM) releases the preliminary balance of payments (BOP) statistics of Macao SAR for the reference year 2018.
The Monetary Authority of Macao (AMCM) estimated mainland China exposures were MOP364bn as of June 2015 (27% of banking sector assets).
The compilation of Coordinated Portfolio Investment Survey (CPIS), jointly conducted by the Monetary Authority of Macao (AMCM) and the Statistics and Census Service (DSEC), follows the methodology advocated by the International Monetary Fund.
As the registration period will end at 6:00 pm on 29th June 2018 (Friday), the Monetary Authority of Macao would like to remind those citizens who are interested in exchanging for the said notes to complete their registration before the mentioned deadline.
To protect the legal interests of financial institutions and Mainland China Union Pay (CUP) cardholders, as well as to ensure the effectiveness of the measure to monitor ATM cash withdrawals by Mainland CUP cards, starting tomorrow (4 July), the Monetary Authority of Macao (AMCM) is requesting those ATMs without Know-Your-Customer (KYC) techniques installed to suspend cash withdrawals services for Mainland CUP cards.
The Monetary Authority of Macao (AMCM) has always been highly concerned about the anti-money laundering and combating the financing of terrorism monitoring measures of the financial sector and has formulated the Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) Guideline in accordance with international standards set out by the Financial Action Task Force (FATF).