1. Hong Kong dollars, or Hong Kong dollars, is the legal tender of Hong Kong. [1] According to the Basic Law of Hong Kong and the Sino-British Joint Declaration, the autonomy of Hong Kong includes the right to issue its own currency. Its official ISO 42 17 abbreviation is HKD (Hong Kong dollars); The sign is Hong Kong dollars. The Hong Kong Monetary Authority, Standard Chartered Bank (Hong Kong) Limited, The Hongkong and Shanghai Banking Corporation Limited and the Bank of China (Hong Kong) Limited announced on July 20th that they would launch a new series of 20 10 banknotes. Hong Kong has established a linked exchange rate system linking the issuance of Hong Kong dollars to the US dollar. The US dollars held by the Exchange Fund provide support for the stability of Hong Kong dollar banknotes. The original banknotes in Hong Kong were issued by Credit Suisse Group, which was established in Hong Kong in 1845. Before 1935 the government passed the monetary regulations, many banks issued paper money, but these paper money were mainly used for commercial transactions. The government only accepts banknotes from some chartered banks as legal tender.
After 1935, the government authorized HSBC, beneficiary banks (later acquired by HSBC) and Credit Suisse Bank China (later renamed Standard Chartered Bank) to issue HK$ 5 yuan and above. Hong Kong dollar banknotes with a face value of one yuan or less are issued by the Hong Kong Government. 1975 After the Hong Kong government issued five-dollar coins, five-dollar notes ceased to be issued. /kloc-in the 1990s, the government issued ten-dollar coins, and later banks stopped issuing ten-dollar bills. Later, the Bank of China became one of the note-issuing banks in Hong Kong. In 2002, the government again issued 10 yuan banknotes by the Monetary Authority.
Second, before 1995, the government issued a penny note to facilitate change and pay bills for public services. These banknotes will no longer be accepted as legal tender after 1995 10 10/.
3.65438-0997 Before the handover of Hong Kong's sovereignty, coins in circulation were once objects of collection, on which the head of the emperor was cast. From 65438 to 0993, the government gradually recycled old coins.
Fourthly, during the development of Hong Kong as a trade and financial center, different types of linked exchange rate systems have been implemented. 1863, the Hong Kong government announced that the then international currency, the silver dollar, was the legal tender of Hong Kong, and began to issue its own silver dollar in 1866. Until 1935, Hong Kong's monetary system was based on the silver standard. After the global silver crisis, the government announced that it would abandon the silver standard, and the Hong Kong dollar was linked to the British pound at the exchange rate of 16 Hong Kong dollars 1 British pound.