Monetary Authority of Macao
Template:Short description Template:Multiple issues Template:Infobox central bank Template:Infobox Chinese
The Monetary Authority of Macao<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> (Template:Zh; Template:Langx, 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" (Template:Langx, 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<ref name=IAM21>{{#invoke:citation/CS1|citation
|CitationClass=web }} - Portuguese version</ref>
- Avenida Sidónio Pais, which later housed the Macau Polytechnic Institute<ref name=IAM21/>
- St. Raphael Hospital (built 1939<ref>{{#invoke:citation/CS1|citation
|CitationClass=web }} - Identified as the AMCM head office in this page</ref>), 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.<ref name=IAM21/>
- Current: 24-26 Calçada do Gaio, São Lázaro<ref>{{#invoke:citation/CS1|citation
|CitationClass=web }} - Chinese address: "澳門東望洋斜巷24及26號"</ref> (and the former Convent of the Precious Blood or Convento do Precioso Sangue) 1999–present - next to Escola Leng Nam
Chairman
- Anselmo Teng ({{#invoke:Lang|lang}})
- Chan Sau San ({{#invoke:Lang|lang}})
See also
- Macanese pataca
- Economy of Macau
- Hong Kong Monetary Authority
- List of central banks
- List of financial supervisory authorities by country
References
External links
Template:Central banks by country Template:Authority control