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The Monetary Authority of Macao (; , AMCM) is the
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 ** The head office at 45 Rua Pedro Nolasco da Silva opened on 26 September 1991. * Current: 24-26 Calçada do Gaio, São Lázaro
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
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 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 RepúblicaPortuguese 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 ** The head office at 45 Rua Pedro Nolasco da Silva opened on 26 September 1991. * Current: 24-26 Calçada do Gaio, São Lázaro
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 () *Chan Sau San ()See also
* Macanese pataca * Economy of Macau *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
* List of central banks
References
External links
* {{Authority controlMacau
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