The Monetary Authority of Macao (; pt, Autoridade Monetária de Macau, AMCM) is the

currency board In public finance, a currency board is a monetary authority which is required to maintain a fixed exchange rate with a foreign currency. This policy objective requires the conventional objectives of a central bank to be subordinated to the exch ...

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 central b ...

Macau Macau or Macao (; ; ; ), officially the Macao Special Administrative Region of the People's Republic of China (MSAR), is a city and special administrative region of China in the western Pearl River Delta by the South China Sea. With a p ...

. The regulatory institution was established on December 20, 1999, upon the

transfer of sovereignty over Macau The transfer of sovereignty of Macau (; pt, Transferência da soberania de Macau) from Portugal to the People's Republic of China (PRC) occurred on 20 December 1999. Macau was settled by Portuguese merchants in 1557, during the Ming dynasty ...

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 ...

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 most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

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 República
Portuguese 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 diplomatic network of the Portuguese Republic is shaped by both its current interests in Europe and its historical linkages to its former colonies in Africa, South America, and Asia. This is reflected in its choice of cities in Asia where Por ...

** 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 ( pt, freguesia) 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 ...

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: A term from early Latin languages, from the classic Latin period, that means "welcome". It may also refer to: Places * Anselmo, Alberta, Canada *Anselmo, Nebraska, United States *San Anselmo, California, United States *Ans ...

(丁連星) *Chan Sau San (陳守信)

References

External links

* {{Authority control

Economy of Macau Government departments and agencies of Macau

1999 establishments in Macau Organizations established in 1999 Regulation in China

History

Offices

Chairman

See also

References

External links