macao monetary unit
Definition
- Noun:
- Monetary unit in Macao: The standard unit of currency used in the Macao Special Administrative Region of China. It refers to the basic monetary denomination that forms the foundation of Macao's financial system.
Examples of Usage
- Noun:
- The pataca is the primary Macao monetary unit.
- Prices in the market are listed in the local Macao monetary unit.
Advanced Usage
- When discussing economic policy or currency pegs, the term can be used to refer to the unit's stability or value relative to other currencies.
- The stability of the Macao monetary unit is crucial for the region's tourism-based economy.
Variants and Related Words
- Pataca (MOP): The specific name of the Macao monetary unit, subdivided into 100 avos.
- Avo: A subunit of the pataca, representing one hundredth of the primary Macao monetary unit.
Synonyms
- Currency unit of Macao
- Monetary standard of Macao
Related Terms (Contextual)
- Hong Kong dollar: The monetary unit of the neighboring Hong Kong Special Administrative Region, often used interchangeably in some sectors in Macao.
- Renminbi (RMB): The monetary unit of China, which also circulates in Macao.
Noun
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monetary unit in Macao
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