Jin Rong Shi Bao·2025-11-07 05:06Core Viewpoint - The issuance of Macao currency by the Bank of China marks a significant milestone in the financial sovereignty of Macao, reflecting the integration of Chinese and Western cultures and the economic development of Macao over the past 30 years [1][2][9]. Historical Context - The first batch of Macao currency was issued by the Bank of China on October 16, 1995, during the final years of Portuguese administration, symbolizing a shift in financial authority [2]. - The issuance broke the monopoly held by a Portuguese bank for nearly 90 years, enhancing the voice of Chinese finance in Macao's financial system [2]. - The design of the currency incorporated advanced anti-counterfeiting technology and rich cultural elements, signifying a transition in Macao's identity [2]. Cultural Representation - Over the past 30 years, the Bank of China has issued six denominations and three series of Macao currency, along with 16 commemorative notes reflecting various themes [3][4]. - The design of the currency serves as a cultural encyclopedia, showcasing Macao's heritage through iconic landmarks and cultural symbols [3][5]. - Commemorative notes have highlighted significant events, such as the Beijing Olympics and the 20th anniversary of Macao's return, emphasizing cultural integration [4][5]. Economic Impact - The issuance of Macao currency has had profound implications for the region's economic and social development, providing financial stability during critical transitions [8]. - The Bank of China's role in issuing currency has strengthened Macao's financial system and enhanced its international credibility, especially during financial crises [8]. - The currency serves as a medium for cultural exchange and national identity reinforcement among Macao residents [8]. Future Outlook - The Bank of China's Macao currency is expected to play an increasingly important role in regional financial cooperation as the Greater Bay Area initiative and the internationalization of the Renminbi progress [9]. - The currency is seen as a "business card" for Macao, continuing to narrate the story of Macao's development alongside the motherland [9].