Monetary Authority of Macao

The Monetary Authority of Macao (Chinese: 澳門金融管理局; 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.

Monetary Authority of Macao
  • 澳門金融管理局
  • Autoridade Monetária de Macau
HeadquartersMacau, China
EstablishedDecember 20, 1999 (1999-12-20)
OwnershipGovernment of Macao SAR
ChairmanChan Sau San (陳守信)
CurrencyMacanese pataca
Monetary Authority of Macao
Chinese name
Traditional Chinese澳門金融管理局
Simplified Chinese澳门金融管理局
Portuguese name
PortugueseAutoridade Monetária de Macau
Economy of Macau
Currency and identity
Resources
Companies
Other Macau topics

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 July 1, 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
  • St. Raphel's Hospital from 1990-1999 - now Consulate-General of the Portuguese Republic in Macao
  • 24-26 Calçada do Gaio, San Lorenzo (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
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