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| 正面描述 | The obverse is dominated by an intaglio vignette of a Chinese junk under full sail at centre-right, set against a pale multicolour guilloche underprint. The bank title BANCO NACIONAL ULTRAMARINO appears in an arc at the top, with the bilingual legend 大西洋銀行 MACAU to its right, while CEM PATACAS and the Chinese equivalent 壹百圓 are printed in bold at centre. Decree-law references appear at upper left alongside two facsimile signatures, and the serial number in dark blue is printed twice, at upper right and lower left. |
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| 正面铭文 | BANCO NACIONAL ULTRAMARINO 大西洋銀行 MACAU CEM PATACAS 壹百圓 100 壹百 DECRETO-LEI Nº 36/98/M, DE 13 DE JULHO DECRETO-LEI Nº 3/99/M, DE 18 DE JANEIRO MACAU, 20 DE DEZEMBRO DE 1999 CONSELHO DE ADMINISTRAÇÃO DIRECTOR-GERAL DO DEPARTAMENTO DE MACAU ADMINISTRADOR |
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The 1999 issue marks the final series produced for Macau under Portuguese administration before the handover to China on 20 December 1999. Banco Nacional Ultramarino had been the note-issuing authority for Macau since 1902, and this note was among the last to carry that mandate — BNU retained limited issuing rights after the handover but shares that role with Banco da China under the MSAR framework.
Thomas De La Rue's involvement kept production quality consistent with earlier BNU Macau issues. The security package here is relatively modest for a late-1990s high-denomination note — watermark and thread only, no optically variable ink — which reflects the small, low-risk circulation environment of a territory whose GDP was then dominated by a handful of casino operators.