Instituto Emissor de Macau E.P.

The Instituto Emissor de Macau (IEM) is the central bank of Macau Special Administrative Region of the People’s Republic of China. It was established in 2002, and is headquartered in Macau. The IEM is responsible for implementing the region’s monetary policy and maintaining monetary and financial stability.

The IEM’s main responsibilities include issuing and regulating the region’s currency, the Macau pataca, and implementing monetary policy to control inflation and stabilize the economy. The bank also regulates and supervises the activities of commercial banks and other financial institutions in the region to ensure the stability of the financial system.

The IEM plays a key role in maintaining the stability of the region’s exchange rate by intervening in the foreign exchange market. The bank also manages the region’s foreign exchange reserves and provides foreign exchange services to authorized dealers.

The IEM conducts monetary policy by setting interest rates and adjusting the money supply. The bank also conducts research and analysis on the economy and provides forecasts to guide policy decisions. The IEM is also responsible for the issuance and distribution of the region’s coins and banknotes and works closely with other government agencies to prevent counterfeiting and maintain the integrity of the region’s currency.

The IEM is governed by a board of directors, which is responsible for the overall direction and management of the bank. The bank’s governor is appointed by the Chief Executive of Macau Special Administrative Region of the People’s Republic of China. The IEM is independent from the government, but the bank’s governor is required to report to the Chief Executive on a regular basis.

Overall, the Instituto Emissor de Macau (IEM) is the central bank of Macau Special Administrative Region of the People’s Republic of China. It is responsible for implementing the region’s monetary policy.

Content updated 1/25/23

Back to World Mints