In the Macao Special Administrative Region, two authorized issuing banks — Bank of China (Macau) and Banco Nacional Ultramarino — have begun issuing new 500 and 1000 pataca banknotes. This stage completes the gradual implementation of the updated banknote series, which began earlier with lower denominations. The release of higher denominations is specifically timed for the approaching Lunar New Year — one of the most important holidays in the People's Republic of China. The new bills have entered circulation, providing the population with sufficient cash ahead of the holiday period.

Issuing Banks and Introduction into Circulation

Only two banks have the right to issue Macao's currency, the pataca: Bank of China (Macau) and Banco Nacional Ultramarino. Each issues its own versions of the banknotes with corresponding logos and design elements.

  • Official start date for the circulation of the new 500 and 1000 pataca banknotes from both banks.

  • This release completes the full update of the series, as lower denominations have already been introduced previously.

Design and Key Elements

The new banknotes maintain the general design concept of the series, combining modern technology with the reflection of Macao's historical and cultural heritage. Front side:

  • Images of the head office buildings of the respective banks (BOC and BNU).

  • Symbolic emblems of Macao: a lion sculpture and a lotus flower.

  • Text in Chinese and Portuguese, bank logos, and security features.

Back side:

  • For the Banco Nacional Ultramarino version — fragments of ancient maps of Macao territory, highlighting the region's evolution.

  • For the Bank of China (Macau) version — images of key historical landmarks and architectural sites in Macao.

Color Scheme and Size Unification

To facilitate denomination recognition, a similar color scheme has been applied to the banknotes of both banks. Both denominations have unified physical sizes regardless of the issuer. This ensures stable operation for ATMs and payment terminals. Size standardization is a crucial technical solution for the smooth functioning of the payment infrastructure.

Significance of the Release and Context

The issuance of new banknotes is part of a planned update of Macao's monetary system. The series is gradually replacing previous issues, introducing modern security features. The new bills are already available at bank branches, allowing residents to obtain cash during the high-demand period before the Lunar New Year.