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| Issuer | Banco da China (Bank of China), Macau Branch |
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| Year | 2020 |
| Type | Standard circulation banknote |
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| Composition | Log in to see details |
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| Obverse description | Central vignette of a Southern Lion, a traditional symbol representing the spirit of Macau, set against a fine guilloche underprint. The Bank of China building in Macau appears as a secondary architectural vignette. Denomination numeral and bilingual bank title inscriptions frame the design in Chinese and Portuguese. |
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| Protection type | Watermark, Optically variable ink |
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| Comments |
Banco da China became the third note-issuing bank in Macau in 1995, joining Banco Nacional Ultramarino and Banco Tai Fung — an unusual arrangement that persists today, producing a circulating currency where the same denomination exists in three visually distinct versions simultaneously. The Bank of China's right to issue was a deliberate concession tied to the handover negotiations, giving Beijing's flagship state bank a visible presence in Macau's monetary system well before the 1999 transfer of sovereignty to China.
Printed by CBPMC in Beijing, this 2020 issue is part of a long-running series whose design continuity across decades makes individual date variants easy to overlook when sorting stock.