Macao virtual currency
the content of this article comes from: financial code of the people's Republic of China: application edition, China Law Press
The currency of Macao is Macao currency
Macao dollar (Macao dollar; Pataca de Macau Currency code: mop; Currency symbol: mop $), is the legal tender of Macao Special Administrative Region of the people's Republic of China
Macao's monetary policy is managed by the Macao monetary authority. One Macao dollar can be divided into 100 cents (avos). The Portuguese name "pataca" of the Macao dollar originates from the silver dollar "eight reals of Mexico" (Portuguese: pataca Mexico), which was widely used in Asia
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development history
the currencies used in Macao in the past were Chinese silver and copper. During the Ming Dynasty in 1553, the Portuguese colonialists, relying on the power of their leading ships in the world, continued to March eastward and westward to expand their territory, and soon occupied Macao, the bridgehead coveting China
Since 1901, the Portuguese government began to change the situation of the circulation of Chinese silver in Macao. On September 4, 1905, the Portuguese government authorized its national bank, Atlantic bank, to issue Macao dollar banknotes in Macao In 1905, the Portuguese Atlantic bank reached a patent agreement with the Macao government, which issued Macao currency on behalf of the Macao government. On September 4, the agreement came into effect On January 11, 1982, the issuing institution of Macao officially issued the 1981 new banknotes on behalf of Atlantic bank for the first time. There are five denominations of 500, 100, 50, 10 yuan and 5 yuan. In January of the same year, Macao issued five coins of 5 yuan and 1 yuan, 50 points, 20 points and 10 points. On October 18, 1988, 1000 yuan notes were issuedThe currency in circulation in Macao is Macao currency
Macao dollar (Macao dollar; Pataca de Macau Currency code: mop; Currency symbol: mop $), is the legal tender of Macao Special Administrative Region of the people's Republic of China
Macao's monetary policy is managed by the Macao monetary authority. One Macao dollar can be divided into 100 cents (avos). The Portuguese name "pataca" of the Macao dollar originates from the silver dollar "eight reals of Mexico" (Portuguese: pataca Mexico), which was widely used in Asia
In the folk of Macao and Hong Kong, the Macao dollar is often commonly known as the "Portuguese dollar". Many people think that the "Portuguese dollar" is an inappropriate name for the Macao dollar. They think that the name has colonial color and that the word "Portuguese dollar" is the abbreviation of "Portuguese tooth coin". This is a wrong understanding. In fact, "Portuguese currency" is the transliteration abbreviation of patacathis has nothing to do with the currency used in Portugal, and even less with Macao's return to China. Before Portugal joined the euro area, its currency was "Escudo", which Macao called "sgudo" or "shield", rather than "pataca"“ Pataca "is a special currency unit of Macao dollar, which is not widely used in the same area as" dollar "
Hello, Macao's official monetary unit is Macao currency, also known as "Portuguese currency". The denominations of banknotes are 10 yuan, 20 yuan, 50 yuan, 100 yuan, 500 yuan and 1000 yuan; There are six kinds of coins: 1, 2, 5, 1, 2 and 5 yuan. When I went to Hong Kong and Macao in May, I didn't exchange Macao dollars, because Hong Kong dollars can be used directly in the local area. All major casinos or small shops can use Hong Kong dollars directly
of course, a lot of shopping and consumption can be directly swiped by credit card. The credit card with UnionPay logo can be used. The bank automatically converts it into RMB according to the exchange rate of the day, without any handling charge, and the operation is simple and convenient
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Macao dollar; Pataca de Macau Currency code: mop; Currency symbol: mop $), is the legal tender of Macao Special Administrative Region of the people's Republic of China. Macao's monetary policy is governed by the Macao monetary authority. One Macao dollar can be divided into 100 cents (avos). The Portuguese name "pataca" of the Macao dollar originates from the silver dollar "eight reals of Mexico" (Portuguese: pataca Mexico), which was widely used in Asia
Macao uses Macao currency
1 Macao dollar = 0.8543 RMB
1 RMB = 1.1706 Macao dollar
o'man yuan (Macao dollar; Macao dollar; Macao dollar; Macao dollar; Macao dollar; Macao dollar; Macao dollar; Macao dollar; Macao dollar; Macao dollar; Macao dollar; Macao dollar; Macao dollar; Macao dollar; Macao dollar; Macao dollar; Macao dollar; Macao dollar; Macao dollar; Pataca de Macau Currency code: mop; Currency symbol: mop $), is the legal tender of Macao Special Administrative Region of the people's Republic of China. Macao's monetary policy is governed by the Macao monetary authority
The Macao dollar can be divided into 100 cents (avos). The Portuguese name "pataca" of the Macao dollar originates from the silver dollar "eight reals of Mexico" (Portuguese: pataca Mexico), which was widely used in Asiain the folk of Macao and Hong Kong, the Macao dollar is often commonly known as the "Portuguese dollar". Many people think that the "Portuguese dollar" is an inappropriate name for the Macao dollar, that the name has colonial color, and that the word "Portuguese dollar" is the abbreviation of "Portuguese dollar". This is a wrong understanding
In fact, "Portuguese currency" is the transliteration abbreviation of pataca. This has nothing to do with the currency used by Portugal (Portugal used Escudo before joining the euro area), and even less with Macao before and after its return to China Pataca is a unique monetary unit of the Macao dollar, which is not widely used in the same areas as dollar
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the issuance of Macao dollar is supported by 100% foreign exchange reserves
note issuing banks must deliver equivalent Hong Kong dollars to the monetary authority, i.e. Macau monetary authority, at the fixed exchange rate of one Hong Kong dollar to one point and three Macao dollars, in exchange for certificates of non interest bearing liabilities as the legal reserve for note issuance
with 100% reserve support, the Macao monetary authority guarantees the full convertibility of Macao dollar to the reserve currency (Hong Kong dollar), and the linked exchange rate between Macao dollar and Hong Kong dollar is established accordingly
because the Hong Kong dollar and the US dollar are linked, the Macao dollar is also indirectly linked to the US dollar, and the exchange rate is about one US dollar to eight Macao dollars
There are two kinds of bank notes, namely, 10 yuan, 20 yuan, 50 yuan, 100 yuan, 500 yuan and 1000 yuan. Coins are 1, 2, 5, 1, 2, 5 and 10 yuan At the release ceremony, chairman Ding Lianxing of Macao Monetary Authority said: "in the coming August 8, the dream of the Centennial Olympic Games will come truethe slogan of "one world, one dream" put forward by the Beijing Olympic Games fully embodies the Olympic Games as a grand event belonging to all mankind
the Bank of China, in the form of issuing Olympic commemorative banknotes, has participated in the dissemination of the Olympic spirit and concept, which we think is a measure worthy of recognition and appreciation
As one of the two note issuing banks in Macao SAR, Bank of China Macau Branch has been actively participating in and promoting Macao's economic and financial development over the yearsthis time, commemorative banknotes are issued to commemorate the Beijing Olympic Games, so that the citizens of Macao SAR can share the joy of hosting the international sports event in their motherland, and also reflect the concept of Macao SAR going with the Olympic Games. "
the front of the Macao dollar Olympic Commemorative Banknote adopts the pattern of Bank of China Building in Macao, the emblem of Beijing Olympic Games and the architectural column pattern of ancient Olympic sites
the bird's nest, the main stadium of the Beijing Olympic Games, is used on the back, supplemented by auspicious clouds with Chinese traditional characteristics and Macao lotus patterns, combined with the image elements of the Beijing Olympic Games and multi-color graphics symbolizing sports
Macao dollar Olympic commemorative banknotes are all bound and sold at a premium in Macao, Hong Kong and some overseas regions
Macao's money is called Macao dollar, also known as Macao dollar and Macao dollar
the Macao dollar is the legal tender of the Macao Special Administrative Region, and the currency symbol is mop $, which is the unique monetary unit of Macao. The first batch of Macao yuan was issued in 1905 with a total amount of 9000 yuan, which has a history of more than a century. In Macao and Hong Kong, people usually call the Macao dollar "Portuguese dollar", which is the transliteration abbreviation of pataca
1 Macao dollar is equal to 100 points. The currency in circulation in Macao was issued in 1999. The denominations of banknotes are 1000 yuan, 500 yuan, 100 yuan, 50 yuan, 20 yuan and 10 yuan. The denominations of mints are 10 yuan, 5 yuan, 2 yuan, 1 yuan, 5 milli, 2 milli and 1 milli
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after Portugal occupied Macao, the early currency in circulation was Mexico Eagle ocean. After that, many kinds of money were in circulation at the same time, but mainly Chinese silver ingots and silver dollars, as well as silver coins and silver coins, followed by foreign silver dollars
On September 4, 1905, the Portuguese government authorized its national bank, Atlantic bank, to issue Macao dollar banknotes in Macao On January 27, 1906, Macao dollar banknotes of 1 yuan and 5 yuan denominations issued by Atlantic bank were officially circulated, which opened the history of Macao currencyafter the return of Macao, Macao did not fully recover the right of issuing banknotes monopolized by foreign banks for a long time in the past. Instead, it agreed with the Portuguese government that within 15 years from October 16, 1995, Macao Branch of Bank of China and Atlantic Bank of Macao would issue banknotes together, and the amount of each issue would be 50%. After the expiration of the contract, the contract can be amended, renewed or signed according to the spirit of the Sino Portuguese joint declaration
Yes, there are RMB and Macao currency in circulation in Macao. Macao currency is commonly known as Portuguese currency. Macao's monetary policy is governed by the Macao monetary authority. Macao dollar can be divided into 100 cents. Pataca, the Portuguese name of the Macao dollar, originated from the silver dollar "eight reals of Mexico", which was widely used in Asia
extended information:
the issuance of Macao dollar is supported by 100% foreign exchange reserves. The note issuing bank must deliver the equivalent Hong Kong dollar to Macao monetary authority at the fixed exchange rate of one Hong Kong dollar to one point and three Macao dollars in exchange for the certificate of non interest bearing liabilities as the legal reserve for note issuing
with 100% reserve support, the Macao monetary authority guarantees the full convertibility of Macao dollar to the reserve currency (Hong Kong dollar), and the linked exchange rate between Macao dollar and Hong Kong dollar is established accordingly. Since the Hong Kong dollar is linked to the US dollar, the Macao dollar is also indirectly linked to the US dollar. The exchange rate is about one US dollar to eight Macao dollars
There are two kinds of bank notes, namely, 10 yuan, 20 yuan, 50 yuan, 100 yuan, 500 yuan and 1000 yuan. Coins are 1, 2, 5, 1, 2, 5 and 10 yuan