Monetary Authority of Macao

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. The regulatory institution was established on December 20, 1999, upon the transfer of sovereignty over Macau from Portugal to the People's Republic of China as the Macau Special Administrative Region.

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Quick Facts Headquarters, Established ...

Monetary Authority of Macao

澳門金融管理局

*Autoridade Monetária de Macau*


Headquarters	Calçada do Gaio, n.os 24 e 26, Macau^[1]
Established	December 20, 1999 (1999-12-20)
Ownership	Government of Macao SAR
Chairman	Chan Sau San (陳守信)
Currency	Macanese pataca MOP (ISO 4217)
Reserves	$28.45 billion
Website	amcm.gov.mo

Quick Facts Chinese name, Traditional Chinese ...

Thumb — 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]

It was formerly known as the "Monetary and Foreign Exchange Authority of Macao" (Portuguese: Autoridade Monetaria e Cambial de Macau, AMCM), which was established on 1 July 1989.

According to Decree-law No. 14/96/M of 11 March, the Monetary Authority of Macao carries the following major statutory duties:

To advise and assist the Chief Executive in formulating and applying monetary, financial, exchange rate and insurance policies;
To guide, co-ordinate and oversee the monetary, financial, foreign exchange and insurance markets, ensure their smooth operation and supervise the actions of those operating within them according to the terms established in the regulatory statutes governing each respective area;
To monitor internal monetary stability and the external solvency of the local currency, ensuring its full convertibility;
To exercise the functions of a central monetary depository and manage the territory's currency reserves and other foreign assets;
To monitor the stability of the financial system.

Monetary Authority of Macao

History

Offices

Chairman

See also

References

External links

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