Macanese Pataca

Macanese Pataca

Macao pataca
Chinese name
Traditional Chinese 澳門圓
Simplified Chinese 澳门圆
Transcriptions
Mandarin
- Hanyu Pinyin Àoményuán
- Wade–Giles Aomenyüan
Cantonese (Yue)
- Jyutping Oumunjyn
- Yale Romanization Au4men2yuan2
Portuguese name
Portuguese Patacas de Macau
Economy of Macau
Currency and identity
  • Macanese Pataca
  • Banknotes
  • Coins
  • Monetary Authority
Resources
  • Transport
  • Tourism
  • Postal
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  • Gambling
  • Airport
Companies
  • Air Macau
  • Sands Macao
  • Macau.com
  • Shun Tak Holdings
Other Macau topics
  • Culture
  • Demographics
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  • Economy
  • Geography
  • History
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  • Macau portal

The pataca (Chinese: 澳門圓; ISO 4217 code: MOP) is the currency of Macau. It is subdivided into 100 avos (Cantonese: 仙; sin), with 10 avos called ho (毫) in Cantonese. The abbreviation MOP$ is commonly used.

Macau has a currency board system under which the legal tender, Macau pataca (or Macao pataca), is 100 percent backed by foreign exchange reserves, in this case currently the Hong Kong dollar. Moreover, the currency board, Monetary Authority of Macao (AMCM), has a statutory obligation to issue and redeem pataca on demand against the Hong Kong dollar at a fixed exchange rate and without limit.

Read more about Macanese Pataca:  History, Coins, Banknotes, Historical Exchange Rate