The Macau pataca or Macanese pataca (Chinese: 澳門圓; Jyutping: ou3 mun4 jyun4; Portuguese: Pataca de Macau; sign: MOP$; code: MOP) is the currency of Macau. It is subdivided into 100 avos (仙; sin), with 10 avos called ho (毫) in Cantonese. The abbreviation MOP$ is commonly used. Macau has a currency board system under which the legal tender, Macau pataca, is 100 percent backed by foreign exchange reserves, in this case currently the Hong Kong dollar. Moreover, the currency board, Monetary Authority of Macau (AMCM), has a statutory obligation to issue and redeem Macau pataca on demand against the Hong Kong dollar at a fixed exchange rate of HK$1 = MOP$1.03, and without limit.
MNA, MNA Economy, MNA Macau | The money supply to Macau in November has increased 1.5 pct month-on-month to MOP633 bln with total loans to the private sector having increased 0.3 per cent to MOP997.5 billion
MNA, MNA Economy, MNA Macau, MNA Others | The Monetary Authority of Macau announced that the preliminary estimate of the city's foreign exchange reserves rose by 0.3 per cent in November to MOP158.9 billion