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March 8, 2014 |
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Image:1pataca.jpg|frame|right|The obverse and reverse of a 1 Pataca coin issued in 1952 The bank notes and coins are in the following denominations:
At the time of the first issuance, the denomination only came with 1 Pataca, 5 Patacas, 10 Patacas, 25 Patacas, 50 Patacas, and 100 Patacas, with the 20 Cents coin from Canton Province. Later, Macau began issuing 5 Avos, 10 Avos, and 50 Avos in February 1920. Not until 1942, Macau issued smaller denomination like 1 Avo, 5 Avos, and 20 Avos. The new note comes with yellow color in underprint, a traditional Chinese dragon on obverse, Macau city view on reverse, and Chinese junk watermark. The date printed was August 8, 1988. Because 8 in Chinese (Ba) is similar to "wealth" (Fa), this unique date which occurs only once per century carries a special meaning to the note. Another feature is the replacement of Portuguese Coat of Arms with BNU's logo, symbolizing the fact that Macau is part of the People's Republic of China. Pataca has been the legal tender of Macau for nearly a century. The Banco Nacional Ultramarino (BNU) was the banknote issuing authority in 1905. The pataca banknotes were circulated in Macau on January 27, 1906. The Pataca coins were first issued in 1952. However, due to the small market demand in Macau, the second issue had postponed to 1967. The coins were bronze 5 and 10 avos, cupro-nickel 50 avos and silver 1 and 5 patacas. In 1980, the IEM has the exclusive right to issue patacas, transferred by the Macau Government. The BNU became the agent bank of the IEM and continued to issue banknotes. On the agreement with BNU on October 16, 1995, the Bank of China (Macau Branch) became the second note-issuing bank. The authority to issue patacas was transferred to the Portuguese-administered Government with the establishment of the Monetary Authority of Macau. After December 20, 1999. The AMCM vested with the Government of Macau Special Administrative Region for patacas issuing. <div style="float:left;margin:0 0 1em 1em;">Image:Mcau005a.jpg|1 Pataca Image:Mcau005b.jpg|1 Pataca <br><small>On the obverse of this coin are two Chinese characters in Li Shu in scribe style and means 5 cent in the centre, above and below two rosettes within a linear circle. There are Portuguese characters REPUBLICA PORTUGUESA in upper outer circle, and 5 AVOS in lower outer circle. On the reverse of this coin, an armorial bearings of Macau in centre, above Portuguese (MACAU). below 1952, right and left two Chinese characters (means macao) and two small stars above and below.</small></div> <div style="float:left;margin:0 0 1em 1em;">Image:Macau10a.jpg|1 Pataca Image:Macau10b.jpg|1 Pataca <br><small>The inscriptions bearing on the both side of this coin are the same as the 5 Avos coin, except the denomination is 10 Avos in Portuguese and 10 cent in Chinese. This coin as other earlier Macao coins was minted by Casa da Moeda of Lisbon.</small></div> <div style="float:left;margin:0 0 1em 1em;">Image:Macau50a.jpg|1 Pataca Image:Macau50b.jpg|1 Pataca <br><small>This coin was made with copper-nickel, though it looks like silver. On the obverse side of this coin is a coat of arms of Portugal overlaying a cross, Portuguese characters REPUBLICA PORTUGUESA in upper and 1952 in lower of the cross. On the reverse of this coin, an armorial bearings of Macau in centre, above Portuguese (MACAU), below 50 AVOS, right and left four Chinese characters (means macao and 50 cent) and two small stars above and below.</small></div> <div style="float:left;margin:0 0 1em 1em;">Image:Macau1a.jpg|1 Pataca Image:Macau1b.jpg|1 Pataca <br><small>The obverse and reverse of a 1 Pataca coin issued in 1952.This coin was made with copper-nickel, though it looks like silver. On the obverse side of this coin is a coat of arms of Portugal overlaying a cross, Portuguese characters REPUBLICA PORTUGUESA in upper and 1952 in lower of the cross. On the reverse of this coin, an armorial bearings of Macau in centre, above Portuguese (MACAU), below 50 AVOS, right and left four Chinese characters (means macao and 50 cent) and two small stars above and below.</small></div> <div style="float:center;margin:0 0 1em 1em;">Image:Mcau715a.jpg|1 Pataca Image:Mcau715b.jpg|1 Pataca <br><small>This is another 5 Patacas coin issued in 1971. The mintage of this coin is small too. </small></div> <div style="float:center;margin:0 0 1em 1em;">Image:Macau20a.jpg|1 Pataca Image:Macau20b.jpg|1 Pataca <br><small>This silver 20 pataca coin was struck by the Macao government to commemorate the opening of the Macao Taipa Bridge in 1974. This is the only 20 pataca silver coin issued for general circulation. On the obverse of this coin is the scene of Macao-Taipa Bridge, and a Chinese junk is just passing through the bridge in the center circle. In upper outer circle characters "REPUBLICA PORTUGUESA" and characters "PONTE MACAU-TAIPA 1974" in lower outer circle. The inscriptions bearing on the reverse of this coin are the same as the 50 Avos coin, except the denomination is 20 Patacas in Portuguese and 20 dollars in Chinese scripts. </small></div> The coinage of Macao started late until 1952. The first issued mintage might be too large for the small market demand of Macao. The 2nd issue had postponed until 1967. Her coinage consisted of bronze 5 and 10 avos, cupro-nickel 50 avos and silver 1 and 5 patacas, with a history of only 45 years since 1952. According the information from the Portugal|Portuguese Government of Macau and the Banco Nacional Ultramarino (BNU), the Portuguese Government of Macau had issued 1 Pataca coin in 1976. From this, Macau 1976 1 Pataca coin is known to be a rare coin. The following figures are included as a guide to the movements of the Pataca against Sterling and the US Dollar:
Pataca is circulated in Macau, but Hong Kong dollars (HK$) are also accepted in Macau. The Pataca, with a mere 29.9% share of Macau's money supply at end-1998, could conveniently be replaced by the HKD, which accounted for 52.8%. The exchange rate is loosely pegged and is approximately MOP$103=HK$100 as of February 2004, although the variation is up to 10%. For United States dollars, to which the Hong Kong dollar are in turn loosely tied, the exchange rate is around 8 Patacas to 1 US dollar. Nowadays, the most significant financial authority in Macau is the Monetary Authority of Macau. It allows Macau citizens to buy foreign currencies with the Macao Pataca directly in banks or money exchange centres. As there is currently no restrictions on the import or export of either local or foreign currency into or from Macau, visitors can change their currency in hotels, banks and authorized exchange dealers located all around the city. There are also 24 hour exchange counters in the Macau International Airport (Taipa Island) and in the Lisboa Hotel (Macau Peninsula) for customers if they want to change their currency to Pataca outside working hours.
AsianCurrencies Category:Macau Category:National currencies zh:澳門幣 This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Pataca".
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