|The University of Macau is a public institution of higher learning dedicated to the creation, transmission and diffusion of culture, science and technology. It was created by Decree-Law 50/91/M, of September 16, and in accordance with Decree-Law 11/ 91/M, of February 4, which established regulations for higher education in the territory of Macau. The University's charter was approved on February 3, 1992.|
A decade earlier, in March 1981, the University of East Asia (U.E.A.) had been founded as a private institution with the support of the government of Macau, which gave land in lease for the campus on Taipa Island. In February of 1988 the Macau Foundation purchased U.E.A. and initiated a process of significant transformation, considering the need to train local management-level personnel to cope with the demands of the period of transition to Chinese sovereignty and the future beyond.
Subsequently, in September 1991, university and pre-university level programmes were transferred from U.E.A. to the administration of the new University of Macau.
University of Macau appears on the following banknote(s):