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500 Patacas Banco Nacional Ultramarino

Issuer Banco Nacional Ultramarino
Year 2003
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Value 500 Patacas
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Obverse lettering BANCO NACIONAL ULTRAMARINO 大西洋銀行 MACAU REGULAMENTO ADMINISTRATIVO № 12/2003 QUINHENTAS PATACAS 伍佰圓 MACAU, 8 DE JUNHO DE 2003 CONSELHO DE ADMINISTRAÇÃO / PRESIDENTE DA COMISSÃO EXECUTIVA PRESIDENTE
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Protection description the A-Ma Temple visible when held to light; embedded security thread running vertically through the note.
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Comments

The 2003 series marked one of the final chapters for Banco Nacional Ultramarino as Macau's currency authority — the handover to China in 1999 had already shifted political realities, and the BNU continued issuing patacas under a new arrangement alongside the Bank of China, which gained parallel note-issuing rights post-handover. This 500-pataca denomination sits at the high end of everyday transactional currency in a territory where the Hong Kong dollar circulates freely alongside the pataca, keeping demand for large-denomination pataca notes relatively constrained.

Thomas De La Rue's involvement continues a relationship with Macanese currency that stretches back decades. Security provision on this issue is modest by the standards of the period — watermark and thread only, without the optical variables or color-shifting inks that contemporaneous high-value notes from comparable territories employed.

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