Since 1983, Hong Kong has established a linked exchange rate system linking the issuance of Hong Kong dollars to the US dollar. When issuing any amount of Hong Kong dollars, note-issuing banks must pay US dollars to HKMA at the exchange rate of HK$ 7.80 to US$ 65,438 +0, register or record them in the Exchange Fund account, and obtain a debt certificate before they can start printing money. In this way, the US dollars held by the Exchange Fund provide support for the stability of Hong Kong dollar banknotes.
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In Hong Kong, most Hong Kong dollar banknotes are issued by three note-issuing banks recognized and supervised by the Hong Kong Monetary Authority. The three note-issuing banks include Hongkong and Shanghai Banking Corporation, Standard Chartered Bank and Bank of China (Hong Kong); In addition, the issuance of ten-dollar notes has stopped, but at the request of Hong Kong people, the Hong Kong Monetary Authority began to print ten-dollar notes on its own in 2002, and in 2007, it was changed to plastic notes for trial. All coins in the Hong Kong dollar are issued by the Monetary Authority.
All designs of Hong Kong banknotes are copyrighted. Therefore, without the permission of the copyright owner, no one is allowed to copy the pattern of paper money at will.
People's Network-Currency Story-Hong Kong Dollar