The first paper money in Hong Kong was issued by Credit Suisse Oriental on 1845, but it didn't really circulate universally for a long time. Until 1857, the Hong Kong government allowed payment by paper money, and many banks began to issue paper money one after another.
By 1865, banknotes issued by five banks have been recognized by the Hong Kong government, but banknotes below 5 yuan cannot be issued unless special permission is obtained. The actual monetary unit of Hong Kong dollar is1935165438+10 month.
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Hong kong dollar history
Hong Kong was the first place to call the currency "Yuan". Initially, when Hong Kong became a British colony, it adopted the British currency. However, since the trade with Chinese mainland at that time was dominated by silver, silver coins from all over the world, including Mexican Eagle Ocean and Chinese mainland, could circulate freely in Hong Kong.
Later, in order to control the local currency more effectively, the government adopted the silver dollar as the basic monetary unit, and the word silver dollar changed from an initial adjective to a quantifier. 1863, the official mint was first issued in Hong Kong, 1866, mint was established in Hong Kong.
At that time, every silver coin produced in Hong Kong was printed with the words "Hong Kong dollars". The name of this currency was also sent back from Hong Kong to Chinese mainland, Japan and South Korea, becoming the unit name of the local currency. Later, mint was closed at 1868, and other silver dollars were used as legal tender in Hong Kong.
Baidu encyclopedia -HKD