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The Macanese pataca or Macau pataca (Chinese: 澳門元; Cantonese Yale: Oumún yùhn; Portuguese: Pataca de Macau; sign: MOP$; [4] [5] ISO code: MOP) is the currency of Macau. It is subdivided into 100 avos ( 仙 ; sin ), with 10 avos called ho ( 毫 ) in Cantonese .
Moreover, the currency board, Monetary Authority of Macao (AMCM), has a statutory obligation to issue and redeem pataca on demand against Hong Kong dollar at a fixed exchange rate and without limit. The pataca is pegged to the Hong Kong dollar at a rate of 1.03 MOP per HKD, which is maintained by the AMCM. [32] Each pataca divides into 100 avos.
This is a list of circulating fixed exchange rate currencies, ... Macanese pataca: Hong Kong dollar: 1.03 Macedonian denar: Euro: 61.3644 (±1%) Maldivian rufiyaa:
Former offices of the Monetary and Foreign Exchange Authority of Macau at 45 Rua Pedro Nolasco da Silva, now the Portuguese Consulate General in Macau [pt; zh]. The Monetary Authority of Macao [2] (Chinese: 澳門金融管理局; Portuguese: Autoridade Monetária de Macau, AMCM) is the currency board and the de facto central bank of Macau.
Commercial banks which issue banknotes of the Macanese pataca in Macau Pages in category "Banknote issuers of Macau" The following 2 pages are in this category, out of 2 total.
A linked exchange rate system is a type of exchange rate regime that pegs the exchange rate of one currency to another. It is the exchange rate system implemented in Hong Kong to stabilise the exchange rate between the Hong Kong dollar (HKD) and the United States dollar (USD). The Macao pataca (MOP) is similarly linked to the Hong Kong dollar.
Macau [e] or Macao [f] is a special administrative region of the People's Republic of China (PRC). With a population of about 710,000 people [12] and a land area of 32.9 km 2 (12.7 sq mi), it is the most densely populated region in the world.
William Huskisson, Question concerning the depreciation of our currency, 1810. Currency depreciation is the loss of value of a country's currency with respect to one or more foreign reference currencies, typically in a floating exchange rate system in which no official currency value is maintained.