Is Fukang currency a digital currency
the vast majority of Hong Kong dollar notes are issued by three note issuing banks under the supervision of the Hong Kong Monetary Authority. The three note issuing banks include HSBC, Standard Chartered Bank and Bank of China, and a small number of new $10 notes are issued by the Hong Kong Monetary Authority. Coins are issued by the monetary authority. Since 1983, Hong Kong has established a linked exchange rate system linking the issuance of Hong Kong dollar to the US dollar. When a note issuing bank issues any amount of Hong Kong dollars, it must hand over US dollars to the HKMA at the exchange rate of HK $7.80 to US $1, record them in the account of the exchange fund, and print the notes after receiving the certificate of indebtedness. In this way, the US dollar held by the exchange fund will support the stability of the Hong Kong dollar notes
it is worth noting that all banknotes in Hong Kong have right. Therefore, no one can the banknotes without the permission of the right holder. In Hong Kong, for many years, several institutions have been fined heavily for using banknotes in advertisements without the approval of the bank that holds them
at first, the Hong Kong dollar was linked to the British pound, but after the war, Britain's economic strength weakened and once devalued sharply, which affected Hong Kong's economy. In June 1972, the Hong Kong government pegged the Hong Kong dollar to the US dollar instead of the British pound. The initial exchange rate was HK $5.65 to US $1. In February 1973, it was changed to HK $5.085 to US $1. Since November 1974, it has been changed to free floating. Until 1983, e to the confidence crisis caused by the future of Hong Kong, the exchange rate of the Hong Kong dollar dropped sharply. In September of the same year, it fell to HK $9.6 to US $1. Since October 17 of the same year, the then financial secretary, Mr. Patrick Peng, announced that the exchange rate of the Hong Kong dollar was pegged to the US dollar at HK $7.80 to US $1, which has been maintained up to now
banknotes
the original banknotes in Hong Kong were issued by the East fan bank, which was established in Hong Kong in 1845. Before the government passed the currency regulations in 1935, many banks issued banknotes, but these banknotes were mainly used for commercial transactions. The government only accepts the banknotes of some chartered banks as legal currency. After 1935, the government authorized HSBC, advantaged Bank (later merged by HSBC) and India's new golden hill China Bank (later renamed Standard Chartered Bank) to issue Hong Kong dollar banknotes of more than five yuan. Hong Kong dollar notes with denominations of $1 and below are issued by the Hong Kong government. After the Hong Kong government issued $5 coins in 1975, the issue of $5 notes ceased. In the 1990s, the government issued $10 coins, and banks stopped issuing $10 notes. Later, the Bank of China became one of the note issuing banks in Hong Kong. In 2002, the 10 yuan note was issued again by the monetary authority<
before 1995, the government issued one cent notes to facilitate redemption and the payment of public service bills. These notes were no longer accepted as legal currency after October 1, 1995< At present, there are three note issuing banks in Hong Kong, namely bank of China, HSBC and Standard Chartered Bank
coins
before the handover of Hong Kong sovereignty in 1997, coins in circulation had the head of the British emperor, which once became the object of collection. Since 1993, the government has graally taken back the old coins and replaced them with new coins with Bauhinia on the back. However, the Queen's head coins are still legal currency, and they circulate at the same time as the new coins
the latest Hong Kong dollar coins and banknotes styles
denomination ($) material shape
one millionth (0.10) brass alloy round
two millionth (0.20) brass alloy wavy edge
five millionth (0.50) brass alloy round
one yuan (1.00) white nickel alloy round
two yuan 2.00) white nickel alloy with wavy edge
five yuan (5.00) white nickel alloy is round, and the Chinese character "Hong Kong Wu Yuan" is engraved on the edge
ten yuan (10.00) white nickel alloy with outer ring,
brass alloy round center
banknote
denomination ($) color, reverse landmark pattern
ten yuan (10) Purple -
twenty yuan (20) blue Taiping peak Lingxiao Pavilion
fifty yuan (50) green -
one hundred yuan (100) red Qingma bridge
five hundred yuan (500) Brown Color Hong Kong International Airport, Taiping peak
1000 yuan golden Hong Kong Exhibition, Victoria Harbour
HK $is the legal currency in circulation in Hong Kong
according to the basic law of Hong Kong and the Sino British Joint Declaration, Hong Kong's autonomy includes the right to issue its own currency. Its formal ISO 4217 is called HKD (Hong Kong dollar); The mark is HK $
the Hong Kong Monetary Authority, Standard Chartered Bank (Hong Kong) Limited, Hongkong and Shanghai Banking Corporation Limited and Bank of China (Hong Kong) Limited announced on July 20, 2010 that they will launch the new series of Hong Kong dollar banknotes in 2010. Hong Kong has established a linked exchange rate system in which the issuance of Hong Kong dollar is linked to the US dollar. The US dollar held by the exchange fund supports the stability of Hong Kong dollar notes
extended information:
the Hong Kong Special Administrative Region monetary authority and three note issuing banks in Hong Kong, namely Standard Chartered Bank (Hong Kong) Limited, Bank of China (Hong Kong) limited and Hongkong and Shanghai Banking Corporation Limited, jointly announced on July 24, 2018 to launch the 2018 Hong Kong new note series
the 2018 Hong Kong new banknote series has five denominations just like the current Hong Kong banknotes in circulation, and its denomination color is also the same as the current Hong Kong banknotes in circulation. This is the first time that the three note issuing banks in Hong Kong have unified the design theme on the back of each Hong Kong dollar note to facilitate public identification
the design theme of the new version of Hong Kong dollar notes is closely related to the life of Hong Kong people, which is inspired by the pace of life, leisure and entertainment of Hong Kong as an international metropolis, as well as the diversified features of rich natural and cultural heritage
the design of the new HK $1000 banknote represents Hong Kong's status as an international financial center, the HK $500 banknote depicts the UNESCO World Geopark with magnificent landscape, the HK $100 banknote represents the Cantonese Opera inheriting art and culture, the HK $50 banknote is printed with butterflies inhabiting in Hong Kong, and the HK $20 banknote reflects the tea drinking culture of Hong Kong society
different from the traditional horizontal design, the back of the new version of Hong Kong dollar notes is designed in a straight format to match the theme layout, which is convenient to distinguish from the current banknotes in circulation
Note: the $10 note is purple with blue. It is signed by the financial secretary, Mr John Tsang, and the president of the HKMA, Mr Joseph Yam
Hong Kong dollar, or Hong Kong dollar, is the legal currency in circulation in Hong Kong. According to the basic law of Hong Kong and the Sino British Joint Declaration, Hong Kong's autonomy includes the right to issue its own currency. Its formal ISO 4217 is called HKD (Hong Kong dollar); The mark is HK $. The Hong Kong Monetary Authority, Standard Chartered Bank (Hong Kong) Limited, Hongkong and Shanghai Banking Corporation Limited and Bank of China (Hong Kong) Limited announced on July 20, 2010 that they will launch the new series of Hong Kong dollar banknotes in 2010. Hong Kong has established a linked exchange rate system in which the issuance of Hong Kong dollar is linked to the US dollar. The US dollar held by the exchange fund supports the stability of Hong Kong dollar notesthe international common currencies are:
US dollar, euro, British pound, Australian dollar, Japanese yen, Canadian dollar and Swiss franc.
Before the handover of Hong Kong's sovereignty in 1997, coins in circulation with the head of the British emperor were once the objects of collection. Since 1993, the government has graally taken back the old coins and replaced them with new coins with Bauhinia on the back. However, the Queen's head coins are still legal currency, and they circulate at the same time as the new coins
the new version of 10 yuan note is purple with blue, the area is smaller than the old version of 10 yuan note, and new anti-counterfeiting measures are added. The notes were signed by the financial secretary, Mr John Tsang, and the chief executive of the HKMA, Mr Joseph Yam
extended information
the first note in Hong Kong was issued by Oriental exchange bank in 1845. Before the government passed the monetary regulations in 1935, many banks issued banknotes, but these banknotes were mainly used for commercial transactions. The government only accepts some chartered bank notes as legal currency
after 1935, the government authorized HSBC, beneficiary bank (later acquired by HSBC) and new golden hill China Bank (later renamed as Standard Chartered Bank) to issue more than five Hong Kong dollar notes. The Hong Kong government issues Hong Kong dollar notes with denominations less than $1. The Hong Kong government issued five dollar coins in 1975 and then five dollar notes
In the 1990s, the government issued $10 coins and banks stopped issuing $10 notes. Later, the Bank of China became one of the banks issuing banknotes in Hong Kong. In 2002, the government issued another 10 yuan noteBefore the handover of Hong Kong's sovereignty in 1997, coins in circulation with the head of the British emperor were once the objects of collection. Since 1993, the government has graally taken back the old coins and replaced them with new coins with Bauhinia on the back. However, the Queen's head coins are still legal currency, and they circulate at the same time as the new coins
the new version of 10 yuan note is purple with blue, the area is smaller than the old version of 10 yuan note, and new anti-counterfeiting measures are added. The notes were signed by the financial secretary, Mr John Tsang, and the chief executive of the HKMA, Mr Joseph Yam
extended information:
development history
in 1863, Hong Kong first issued official coinage and established a mint in 1866. At that time, one yuan silver coins proced in Hong Kong would be printed with the words "Hong Kong one yuan". The currency was also sent back to Chinese mainland, Japan and Korea by Hongkong, and became the name of the unit of currency. Later, the Mint was closed in 1868, and other silver dollars were used as legal tender in Hong Kong
In 1935, the rising price of silver in the United States and other places caused the outflow of silver from China and Hong Kong. On November 9, 1935, the Hong Kong government passed the currency Ordinance, announcing that "Hong Kong dollar" was the monetary unit of Hong Kong, and the exchange rate between Hong Kong dollar and British pound was set at 16 Hong Kong dollars to 1 British pound On August 1, 1937, the circulation of all kinds of silver dollars was terminated and Hong Kong dollar was officially used as legal tender. When Japan occupied Hong Kong in the Second World War, it forcibly replaced the Hong Kong dollar with Japanese military tickets