In accordance with its Statute as approved by Decree-Law no.14/96/M of 11th March, the "Autoridade Monetária de Macau" (AMCM)1, is endowed with the following powers, amongst others:
a) To advise and assist the Chief Executive in formulating and applying monetary, financial, exchange rate and insurance policies;
b) To guide, co-ordinate and oversee the monetary, financial, foreign exchange and insurance markets, ensure their smooth operation and supervise the actions of those operating within them according to the terms established in the regulatory statutes governing each respective area;
c) To monitor internal monetary stability and the external solvency of the local currency, ensuring its full convertibility;
d) To exercise the functions of a central monetary depository and manage the territory's currency reserves and other foreign assets;
e) To monitor the stability of the financial system.
1. The new name (Monetary Authority of Macao) established in Administrative Ruling no. 18/2000 of 15th February, although the Portuguese abbreviation (AMCM) has been retained.
Last revision: 2015-10-03 08:08:57