BNU, Bank of China get new pataca banknote issuing contracts

The Macau Government has signed new ten-year agreements with Bank of China (Macau) and Banco Nacional Ultramarino (BNU) to extend their banknote issuing agent bank status.

According to a statement from the Monetary Authority of Macau, “under these contracts, the Government maintains the banknote issuing allocation on an equal share basis for the two agent banks”.

The new contracts are valid until 15 October 2030.

“For BNU it is a huge responsibility and an honor. It also signals the Macau authorities’ trust in BNU, a bank under Caixa Geral de Depósitos group, wholly owned by the Portuguese government”, BNU CEO Carlos Cid Álvares told Macau News Agency (MNA).

Source: MacauBusiness

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