Benjamin Chan Sau San, head of the Autoridade Monetaria e Cambial de Macau has announced that in 2018 it will print 11.3 billion in Macanese banknotes with advanced security devices.
The AMCM bears the cost of printing, and issues notes to Banco Nacional Ultramarino and Banco da China under the “Currency Board” system, by which each bank must deposit same amount in Hong Kong dollars.
The AMCM uses the amount received against issued notes to generate interest income.
©2017 Monetary Research Institute
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