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The one dollar note was first issued by The Hongkong and Shanghai Banking Corporation from 1872 to 1935. No other bank issued this denomination. No other bank issued this denomination. In 1935 the Government of Hong Kong took over the issuing and became the sole issuer for this denomination.
In 1945, paper money production resumed essentially unaltered from before the war, with the government issuing notes of 1, 5 and 10 cents and 1 dollar, and the three banks issuing notes of 5, 10, 50, 100 and 500 dollars. 1-dollar notes were replaced by coins in 1960, with only the 1-cent note issued by the government after 1965.
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.
The second introduction of a dollar coin was started in 1960 as a copper-nickel coin of 30 mm in diameter, 2.25 mm thick, and weighing 11.66 g. The circulation of this coin was ended in 1978 with the issuance of a smaller coin of 25.50 mm in diameter, 1.95 mm thickness and weighing 7.10 g.
The same change could also be seen on the twenty-dollar note and the one hundred-dollar note of HSBC during this decade. As the date of the transfer of sovereignty over Hong Kong was approaching, the two note-issuing banks modified their design in 1993 to tune down the British elements. In 1994, the Bank of China became the third note-issuing ...
Fifty-five-dollar bill in Continental currency; leaf design by Benjamin Franklin, 1779 The first bank to initiate the permanent issue of banknotes was the Bank of England . Established in 1694 to raise money for the funding of the war against France , the bank began issuing notes in 1695 with the promise to pay the bearer the value of the note ...
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Traditional style, cast 1 wén coins continued to be produced until the end of the Chinese Empire in 1911. The last coins denominated in cash were struck in the early years of the Republic of China in 1924. The term is still used today in colloquial Cantonese (mān), but written as 蚊 to represent Hong Kong dollars. [7]