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The Hong Kong dollar (Chinese: 港元, sign: HK$; code: HKD) is the official currency of Hong Kong. It is divided into 100 cents. Historically, it was also divided into 1000 mils. The Hong Kong Monetary Authority is the monetary authority of Hong Kong and the Hong Kong dollar.
The Government, through the Hong Kong Monetary Authority, authorises three commercial banks to issue currency notes in Hong Kong: The Hongkong and Shanghai Banking Corporation Limited; the Standard Chartered Bank (Hong Kong) Limited; and; the Bank of China (Hong Kong) Limited.
The one thousand-dollar note is the highest-valued banknote in circulation in Hong Kong.Currently, this note is issued by the Hongkong and Shanghai Banking Corporation (HSBC), Standard Chartered Hong Kong, and the Bank of China.
This became the sole currency of mainland China at the end of the civil war. A new yuan was introduced in 1955 at a rate of 10,000 old yuan = 1 new yuan, known as the renminbi yuan. It is the currency of the People's Republic of China to this day. The term yuan is also used in Taiwan.
Renminbi promotion at the China-CEEC 2017 summit. Since currency flows in and out of mainland China are still restricted, renminbi traded in off-shore markets, such as the Hong Kong market, can have a different value to renminbi traded on the mainland.
Currency board (11) Djibouti Hong Kong ; ECCU Antigua and Barbuda Dominica Grenada Saint Kitts and Nevis Saint Lucia Saint Vincent and the Grenadines Bosnia and Herzegovina Bulgaria Brunei ; Conventional peg (40) Aruba The Bahamas Bahrain Barbados Belize
Hong Kong officially introduced a new series of coin on New Year's Day (1 January) 1993 at stroke of midnight HKT in denominations of 10-cent, 20-cent, 50-cent, HK$1, HK$2 and HK$10. Since the introduction of the Octopus card in 1997, small value payments and purchases in Hong Kong are mostly made as Octopus transactions.
A mace (Chinese: 錢; pinyin: qián; Hong Kong English usage: tsin; [2] Southeast Asian English usage: chee [3]) is a traditional Chinese measurement of weight in East Asia that was also used as a currency denomination. It is equal to 10 candareens and is 1 ⁄ 10 of a tael or approximately 3.78 grams.