World Library  
Flag as Inappropriate
Email this Article
 

Monetary Authority of Macao

Monetary Authority of Macao logo


The Monetary Authority of Macao also known as Monetary Authority of Macau (Portuguese: Autoridade Monetária de Macau, abbr. as AMCM; Chinese: 澳門金融管理局) is a regulatory institution established on December 20, 1999, upon the transfer of the sovereignty of Macau from Portugal to the People's Republic of China as the Macau Special Administrative Region (MSAR).

Contents

  • History 1
  • Offices 2
  • Chairman, Monetary Authority of Macao 3
  • See also 4
  • External links 5

History

It was formerly known as the "Monetary and Foreign Exchange Authority of Macao" (Portuguese: Autoridade Monetaria e Cambial de Macau, abbr. as AMCM), which was created on July 1, 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

Chairman, Monetary Authority of Macao

See also

External links

  • (Chinese) (Portuguese) (English) Official website
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 


Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.