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The Monetary Authority of Macao (; pt, Autoridade Monetária de Macau, AMCM) is the currency board and the de facto
Portuguese version
/ref> * Avenida Sidónio Pais, which later housed the
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 (; pt, Autoridade Monetária de Macau, AMCM) is the currency board and the de facto central bank
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union,
and oversees their commercial banking system. In contrast to a commercial bank, a centra ...
of Macau. The regulatory institution was established on December 20, 1999, upon the transfer of sovereignty over Macau from Portugal
Portugal, officially the Portuguese Republic ( pt, República Portuguesa, links=yes ), is a country whose mainland is located on the Iberian Peninsula of Southwestern Europe, and whose territory also includes the Atlantic archipelagos of th ...
to the People's Republic of China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slig ...
as the Macau Special Administrative Region.
History
It was formerly known as the "Monetary and Foreign Exchange Authority of Macao" ( pt, 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.Offices
The head offices in order: * 6 Avenida da RepúblicaPortuguese version
/ref> * Avenida Sidónio Pais, which later housed the
Macau Polytechnic Institute
Macao Polytechnic University (MPU; ; pt, Universidade Politécnica de Macau) was established in 1981. It is located in the Macao Special Administrative Region (MSAR) of the People's Republic of China. MPU is a public Higher education institutio ...
* St. Raphael Hospital (built 1939), served as the head office from 1990-1999 - 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 (丁連星) *Chan Sau San (陳守信)See also
* Macanese pataca *Economy of Macau
The economy of Macau 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 Macau has little arable land and few natural resources, i ...
* Hong Kong Monetary Authority
References
External links
* {{Authority control Macau Economy of Macau Government departments and agencies of Macau Macau 1999 establishments in Macau Organizations established in 1999 Regulation in China