Issuing Institute Of Macau
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The Monetary Authority of Macao (; , AMCM) is the
currency board In public finance, a currency board is a mechanism by which a monetary authority is required to maintain a fixed exchange rate with a foreign currency by fully backing the commitment with foreign holdings, or reserves. This policy objective requ ...
and the de facto
central bank A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the mo ...
of
Macau Macau or Macao is a special administrative regions of China, special administrative region of the People's Republic of China (PRC). With a population of about people and a land area of , it is the most List of countries and dependencies by p ...
. The regulatory institution was established on December 20, 1999, upon the
transfer of sovereignty over Macau The handover of Macau from the Portuguese Republic to the People's Republic of China was at midnight on 20 December 1999. This event ended 442 years of Portuguese rule in the former settlement, which began in 1557. Macau was settled by Por ...
from
Portugal Portugal, officially the Portuguese Republic, is a country on the Iberian Peninsula in Southwestern Europe. Featuring Cabo da Roca, the westernmost point in continental Europe, Portugal borders Spain to its north and east, with which it share ...
to the
People's Republic of China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...
as the Macau Special Administrative Region.


History

It was formerly known as the "Monetary and Foreign Exchange Authority of Macao" (, 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.


Offices

The head offices in order: * 6 Avenida da República
Portuguese version
/ref> * Avenida Sidónio Pais, which later housed the Macau Polytechnic Institute * St. Raphael Hospital (built 1939), served as the head office from 1990 to 1999 - now
Consulate-General of the Portuguese Republic in Macao A consul is an official representative of a government who resides in a foreign country to assist and protect citizens of the consul's country, and to promote and facilitate commercial and diplomatic relations between the two countries. A consu ...
** The head office at 45 Rua Pedro Nolasco da Silva opened on 26 September 1991. * Current: 24-26 Calçada do Gaio,
São Lázaro São Lázaro is the smallest civil parish () of Macau, located in the central-east region of the Macau Peninsula. It is surrounded by the parishes of Nossa Senhora de Fátima, Santo António, and Sé. This parish was one of five in the forme ...

Chinese address
"澳門東望洋斜巷24及26號" (and the former Convent of the Precious Blood or Convento do Precioso Sangue) 1999–present - next to Escola Leng Nam


Chairman

*
Anselmo Teng Anselmo may refer to: It may also refer to: Places *Anselmo, Alberta, Canada *Anselmo, Nebraska, US *San Anselmo, California, US People Given name * Anselmo (given name), various individuals * Anselmo de Moraes (born 1989), Brazilian footbal ...
() *Chan Sau San ()


See also

*
Macanese pataca The Macanese pataca or Macau pataca ( zh, t=澳門元, cy=Oumún yùhn; ; sign: MOP$; ISO code: MOP) is the currency of Macau. It is subdivided into 100 ''avos'' (; ''sin''), with 10 avos called ''ho'' () in Cantonese. Macau has a currency ...
*
Economy of Macau The economy of Macau is a highly developed market economy. Macau's economy has remained one of the most open in the world since its handover to China in 1999. Apparel exports and gambling-related tourism are mainstays of the economy. Since M ...
*
Hong Kong Monetary Authority The Hong Kong Monetary Authority (HKMA) is the central bank, central banking institution of Hong Kong. It is a government authority founded on 1 April 1993 when the Office of the Exchange Fund and the Office of the Commissioner of Banking merge ...
*
List of financial regulatory authorities by jurisdiction In this list of financial regulatory and supervisory authorities, central banks are only listed where they act as direct supervisors of individual financial firms, and competition authorities and takeover panels are not listed unless they are set ...
*
List of central banks This is a list of central banks. Central banks by alphabetical order This is a list of central banks. Countries that are only partially recognized internationally are marked with an asterisk (*). Major central banks by currency allocation p ...


References


External links

* {{Authority control
Macau Macau or Macao is a special administrative regions of China, special administrative region of the People's Republic of China (PRC). With a population of about people and a land area of , it is the most List of countries and dependencies by p ...
Economy of Macau Government departments and agencies of Macau
Macau Macau or Macao is a special administrative regions of China, special administrative region of the People's Republic of China (PRC). With a population of about people and a land area of , it is the most List of countries and dependencies by p ...
1999 establishments in Macau Organizations established in 1999 Regulation in China