The Macanese pataca or Macau pataca is the official currency of Macau. The official currency symbol: MOP$. The currency’s name is derived from the fact that, as part of the Spanish colonial empire, the Portuguese traditionally called the Spanish dollar the pataca mexicana.
In 1894, the pataca was adopted as a unit of account in Portuguese Macau and Portuguese Timor. The unit was designed to replace the Portuguese real, which was replaced by the Spanish dollar. In 1901, the Banco Nacional Ultramarino (BNU) acquired the exclusive rights to issue legal tender denominated in patacas, the currency being the only currency in Macao. As a result, banknotes in denominations of 1, 5, 50 and 100 were introduced, and the circulation of all foreign currency in Macau was prohibited. The Macau government established the Macau Issuing Institute (Instituto Emissor de Macau – IEM) in 1980, giving it a monopoly on the issuance of pataca banknotes. The NBU continued to print banknotes as an agent bank of the IEM, and the Bank of China branch in Macau became the second bank to issue banknotes after signing an agreement with the NBU in 1995. The Macau Monetary Authority acquired the authority to issue patacas.
Today denominations of 10, 20, 50, 100, 500 and 1000 patacas circulate today. The current series of NBU banknotes were issued in 2005, while the Bank of China issued banknotes between 1995 and 2003. The Macau Monetary Authority stated in 2009 that the Bank of China would issue a new series of banknotes dated 2008.
The 1000 Macanese patacas note front design features The Macao Cultural Centre, located in Sé.
The reverse of the note illustrates the Banco Nacional Ultramarino (BNU) building in Macau and a sailing galleon (old BNU logo element) in the background. The design is complete with a lotus flower seal (Macau flag element). The lettering of the note is presented in the Portuguese and Chinese languages. This note is part of the 2005 -2017 series; its color is orange and yellow.
Text: BANCO NACIONAL ULTRAMARINO REGULAMENTO ADMINISTRATIVO N.ᵒ 10/2005 MACAU
澳門 MACAU, 8 DE AGUSTO DE 2005 CONSELHO DE ADMINISTRAÇÃO 壹 仟 1000 圓 PATACAS CENTRO CULTURAL DE MACAU 澳門文化中心,MACAU 1000 PATACAS 大西洋銀行 壹仟圓.