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Currency, Macau

Edyta Osmani

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The Pataca (MOP$) is divided into 100 avos and it is Macau's official currency. There are bank notes and coins in the following denominations: Bank notes: 10, 20, 50, 100, 500 and 1000 Patacas. Coins: 1,2, 5 and 10 Patacas; 10, 20 and 50 avos

By the decision of the Macau Government the Pataca is pegged to the Hong Kong dollar (HK$) which freely circulates in Macau. The exchange rate is MOP$103=HK$100. There is an acceptable variation up to 10%. Roughly 8 Patacas is equivalent to 1 US dollar.

Foreign currency or travellers' cheques can be easily changed in hotels, banks and authorised exchange dealers located all around the city. If the visitor needs to change money outside the usual working hours, there are 24 hour exchange counters operating in the Macau International Airport (Taipa Island) and in the Lisboa Hotel (Macau).

Banks open normally from 9 a.m. to 5 p.m. through lunch time. Most credit cards are accepted in many hotels, shops and restaurants. There are no restrictions on the amount of currency which can be brought in or taken out.