The Monetary Authority of Macao (AMCM) is the central banking institution of the Macao Special Administrative Region of China. Established in 1989, its primary role is to maintain monetary stability and oversee the financial system, including the issuance of the Macanese pataca. AMCM also regulates financial institutions and ensures compliance with international standards. It promotes the development of the financial sector and manages foreign exchange reserves, contributing to the overall economic stability of Macao. The authority plays a crucial role in fostering a secure and efficient financial environment for residents and businesses.