Definition of pataca in English:
The basic monetary unit of Macao, equivalent to 100 avos.
- The working capital revolving credit facility may be in either patacas or Hong Kong dollars.
- For example, an Angolan boy was described as a ‘semiskilled shoemaker,’ who knew how to cut and make a pair of shoes, for which he received three patacas a week in wages.
- The link between Macao's pataca and the Hong Kong dollar also leaves the former Portuguese colony vulnerable to volatility in neighboring Hong Kong's financial markets, the agency added.
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