About the Macanese Pataca
The Pataca was introduced in Macau in 1894 by the Portuguese government. It is issued by two commercial banks, similar to Hong Kong.
The name 'Pataca' is derived from a silver coin widely used in Asia during the Portuguese colonial period.
Interesting Facts
Issued by Commercial Banks
Similar to Hong Kong, the Macanese Pataca banknotes are issued by two commercial banks: the Banco Nacional Ultramarino and the Bank of China, under the supervision of the AMCM.
Linked to the Hong Kong Dollar
The Pataca is loosely pegged to the Hong Kong Dollar, which also circulates widely in Macau. The HKD itself is pegged to the US Dollar.
Gaming Capital of the World
Macau's economy is heavily dominated by its gambling industry, which makes it the 'Las Vegas of Asia' and a major driver of the Pataca's value.
Historical Timeline
The Pataca is introduced.
Macau becomes a Special Administrative Region of China.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- MOP
- Symbol
- MOP$
- Numeric Code
- 446
- Subunit
- Avo (1/100)
- Introduced
- 1894-01-01
Central Bank
- Name
- Monetary Authority of Macao
- Headquarters
- Macau
- Founded
- 1989
- Current Governor
- Chan Sau San (since 2018)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 1.4%
- Interest Rate
- 5.75%
Exchange Rates
What Affects the MOP Exchange Rate?
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