Pataca

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Related to patacas: Macau, Macanese pataca

Pataca

The currency of Macau. It was introduced in 1894. Macau is a special administrative region of China; perhaps because of this, 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.
References in periodicals archive ?
I think it's very disappointing as a long-term resident of Macau, for my friends and colleagues here, that they are continually in a position where they cannot buy property," she said, adding that potential residents were frustrated about the small size of the new units and the exorbitant one-off cost of a car park berth, which has hit 1 million patacas (around $125,000) near one of the new low-cost housing developments.
The monthly net profit from the gaming industry averaged about 8 billion patacas ($1.
The last auction for conventional taxi licences was in April 2012, for which the base bidding price was 200,000 patacas (US $25,042).
The former Portuguese enclave that was returned to Chinese rule in 1999 recorded 83 billion patacas ($10.
Ao, along with his wife and family members, was put on trial for allegedly pocketing 800 million patacas originally.
A former senior Macao official went on trial Monday for allegedly pocketing 800 million patacas (about $102 million) in bribes in Macao's biggest corruption case.
The Gaming Inspection and Coordination Bureau of Macao, the former Portuguese enclave returned to Chinese rule in 1999 and cracked open its four-decade old casino monopoly once held by mogul Stanley Ho in 2002, said gross revenue from casinos grew 23 percent to near 55 billion Macao patacas (US$7.