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 500 Macanese patacas note front design features the Mandarin’s House (UNESCO World Heritage Site), a historic residential complex in São Lourenço, followed by the structure sketch, a lotus flower seal (Macau flag element) and the Bank of China logo.
The reverse of the note illustrates the Bank of China branch building in Macau. The lettering of the note is presented in the Portuguese and Chinese languages. This note is part of the 2008 – 2013 series; its color is green on a blue underprint.
Text: 500 MACAU QUINHENTAS PATACAS 中國銀行 BANCO DA CHINA 二零一三年七月一日 澳門 MACAU, 1 DE JULHO DE 2013 根據第15/2013號行政法規 REGULAMENTO ADMINISTRATIVO N.ᵒ 15/2013 澳門分行行長 DIRECTOR-GERAL DA SUCURSAL DE MACAU 鄭家大屋 CASO DO MANDARIM 500 澳門幣伍佰圓,500 MACAU
中國銀行 BANCO DA CHINA 澳門幣 500 伍佰圓 PATACAS.