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 | Owing to increasing demand for dual-currency and triple-currency cards, the number of total credit cards in circulation in Macau in the Q3 rose 10.3 pct when compared to the same period last year
MNA, MNA Macau, MNA Others | This year's edition of the This is My City music and cultural festival will include its largest artist line-up ever and will for the first time expand outside the Pearl River Delta region, taking Chinese musicians to one of the largest music industry events in Latin America in São Paulo, Brazil