The Bank of China and the BNU have signed an agreement with Macau to issue patacas for the next 10 years.<\/p>\n\n\n\n\n\n\n\n
Macau.- The government of the SAR has signed a new agreement to retain the Bank of China (Macau) and the Banco Nacional Ultramarino (BNU) as issuers of Macau banknotes for the next 10 years.<\/p>\n\n\n\n
The agreement was signed by Secretary for Economy and Finance Lei Wai Nong, alongside BOC (Macau) governor Li Guang and BNU Vice Chairman Carlos Cid \u00c1lvares.<\/p>\n\n\n\n
The agreement, which will run until 15 October 2030, will continue to grant the two banks an \u201cequal share of currency issuance.\u201d<\/p>\n\n\n\n
The banks are required to follow the laws regulating the currency issuance system and provide equivalent legal foreign exchange reserves for the banknotes issued. BNU has been issuing Macau patacas since 1906.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The Bank of China and the BNU have signed an agreement with Macau to issue patacas for the next 10 years.<\/p>\n","protected":false},"author":2,"featured_media":10814,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Macau SAR government has extended its agreement with Bank of China (Macau) and Banco Nacional Ultramarino (BNU) for another decade, designating them as the sole issuers of Macau patacas until October 2030. This continuity in currency issuance, requiring adherence to regulatory frameworks and maintenance of foreign exchange reserves, underpins the financial stability of the jurisdiction.","focusai_entities":"Bank of China (Macau), Banco Nacional Ultramarino (BNU), Macau SAR government, Lei Wai Nong, Li Guang, Carlos Cid \u00c1lvares","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.85), regulator (0.95), compliance_legal (0.75), operator_casino (0.85), payments_fraud_aml (0.8), investor_analyst (0.9), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Impact on Capital Flows?","query":"How does the extended currency issuance agreement by BOC (Macau) and BNU specifically impact capital flow management and foreign exchange risk for integrated resort operators and international investors within Macau's gaming sector?"},{"label":"Regulatory Oversight Implications?","query":"What are the specific governance framework implications of this 10-year currency issuance agreement for Macau's financial regulatory bodies, particularly concerning oversight of B2B and B2C financial transactions within the gaming verticals?"}],"footnotes":""},"categories":[160,16338,163],"tags":[257],"class_list":["post-10812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-finance-news","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=10812"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10812\/revisions"}],"predecessor-version":[{"id":10822,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10812\/revisions\/10822"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10814"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=10812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=10812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=10812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}