Monetary Authority of Macao Monetary Authority of Macaocurrency board and the de facto central bank of Macau . The regulatory institution was established on December 20 , 1999, upon the transfer of sovereignty over Macau from Portugal to the People's Republic of China as the Macau Special Administrative Region .History It was formerly known as the "Monetary and Foreign Exchange Authority of Macao", which was established on July 1 , 1989.11 March , the Monetary Authority of Macao carries the following major statutory duties:
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