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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.
Hong Kong dollar banknotes in everyday circulation are issued in denominations of $10, $20, $50, $100, $500 and $1,000. Although it is common practice for most Hong Kong businesses to reject $1,000 notes due to the risk of counterfeit money. [1]
A currency [a] is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. [1] [2] A more general definition is that a currency is a system of money in common use within a specific environment over time, especially for people in a nation state. [3]
H. Hong Kong fifty-dollar note; Hong Kong five hundred-dollar note; Hong Kong five-cent note; Hong Kong five-dollar note; Hong Kong one hundred and fifty-dollar note
1957 one United States dollar star note (Star precedes serial number) The United States and India [7] use " " in the serial number to mark a replacement banknote. These are known as "star notes". These were also used by Australia until 1972. Canada used " " at the beginning of serial numbers on its replacement banknotes until 1975. They are ...
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On 17 October 1983, the Hong Kong dollar was officially pegged to the U.S. dollar at a rate of HK$7.8 = US$1, officially switching back to the currency board system. The peg of Hong Kong dollar to the U.S. dollar in 1983 actually took place in the context of Sino-British negotiation regarding the future of Hong Kong after 1997.
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 ...