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 ?
Officials say is it up to the Monetary Authority of Macau to release the funds.
In January 2005, the Monetary Authority of Macau issued a circular to all banks and other authorized institutions requiring them to maintain a database of suspected terrorists and terrorist organizations.
The Monetary Authority of Macau (AMCM) has chosen a number of modules from the activebank range from UK-based banking software provider Financial Objects.