Monetary Authority of Macao explained

Headquarters:	Calçada do Gaio, n.os 24 e 26, Macau^[1]
Bank Name:	Monetary Authority of Macao
Native Name:	Chinese: 澳門金融管理局 Portuguese: Autoridade Monetária de Macau
Ownership:	Government of Macao SAR
President:	Chan Sau San (Chinese: 陳守信)
Leader Title:	Chairman
Currency:	Macanese pataca
Currency Iso:	MOP
Reserves:	$28.45 billion

T:	澳門金融管理局
S:	澳门金融管理局
J:	ou3 mun4*2 gam1 jung4 gun2 lei5 guk6
P:	Àomén Jīnróng Guǎnlǐ jú
Por:	Autoridade Monetária de Macau

The Monetary Authority of Macao^[2] (; 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.

History

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.

Offices

The head offices in order:

• 6 Avenida da República^[3]
• Avenida Sidónio Pais, which later housed the Macau Polytechnic Institute^[3]
• St. Raphael Hospital (built 1939^[4]), 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.^[3]
• Current: 24-26 Calçada do Gaio, São Lázaro^[5] (and the former Convent of the Precious Blood or Convento do Precioso Sangue) 1999–present - next to Escola Leng Nam

Chairman

• Anselmo Teng (Chinese: 丁連星)
• Chan Sau San (Chinese: 陳守信)

See also

• Macanese pataca
• Economy of Macau
• Hong Kong Monetary Authority
• List of financial regulatory authorities by jurisdiction
• List of central banks

Notes and References

1. Web site: Contact us | Monetary Authority of Macao .
2. Web site: 2024-04-11 . Monetary Authority of Macao . 2024-04-11 . Macao SAR Government Portal . en-US.
3. Web site: iam21.htm. https://web.archive.org/web/19980121144208fw_/http://amcm.macau.gov.mo/iam21.htm . 1998-01-21 . Monetary and Foreign Exchange Authority of Macau. 1998-01-21. 2021-02-22. Rua Pedro Nolasco da Silva, n.º 45, Macau.. - Portuguese version
4. Web site: AM019-Consulate-General of Portugal in Macao and Hong Kong (Building of the Former St. Raphael Hospital and Garden). Cultural Affairs Bureau. 2021-02-23. - Identified as the AMCM head office in this page
5. Web site: Contact Us. Monetary Authority of Macao. 2021-02-22. Calçada do Gaio, n.^os 24 e 26, Macau. - Chinese address: "澳門東望洋斜巷24及26號"