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100 Patacas Banco da China
| Issuer | Banco da China (Bank of China), Macau Branch |
|---|---|
| Year | 2002-2003 |
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| Value | Log in to see details |
| Currency | Pataca (1894-date) |
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|---|---|
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| Reverse description | The reverse is dominated by a tall intaglio vignette of the Bank of China Macau branch tower, rendered in grey-blue tones with a smaller classical building at its base. To the right, a large ornate guilloche rosette incorporating lotus flower and dragon motifs frames the numeral 100, set over a multicolour pastel underprint. Bilingual bank name inscriptions in Chinese and Portuguese run along the upper margin, with the denomination in Chinese characters along the lower edge. |
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| Protection type | Watermark, Security thread |
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| Comments |
The Bank of China branch in Macau gained note-issuing authority in 1995, making it the second institution — alongside Banco Nacional Ultramarino — permitted to issue pataca-denominated currency under the territory's plural issuing arrangement. That structure survived the 1999 handover to China intact, a deliberate policy choice to preserve monetary stability during the transition. By the time this 2002–2003 series was printed, Banco Nacional Ultramarino had been absorbed into Caixa Geral de Depósitos, leaving the Bank of China as the only issuer with direct sovereign backing from Beijing.
The pataca's peg to the Hong Kong dollar, fixed at 1.03 MOP to 1 HKD since 1977, means these notes circulated alongside HKD with near-universal acceptance in both directions — a practical reality that shaped demand for high-denomination pataca notes throughout this period.