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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.
One thousand Dollars (Hong Kong) Value: 1000 Hong Kong dollars: Width: 163 or 165 mm: Height: 81.5 or 82 mm: Security features: Window, Watermark, Security thread, Registration device, Latent image, Optically Variable Ink, Iridescent image
The renminbi (RMB, also known as Chinese yuan; ISO code: CNY) is the official currency of the People's Republic of China. [1] Although it is not a freely convertible currency, and has an official exchange rate, the CNY plays an important role in the world economy and international trade.
The ten-dollar coin is the highest-valued circulating coin issued in Hong Kong.. It circulates alongside the ten dollar banknote.It was first issued for circulation in 1994 to replace the $10 note, but the coin was not minted after 1997 and the Hong Kong Monetary Authority chose instead to reissue banknotes in 2002.
The HKMA guarantees to exchange US dollars into Hong Kong dollars, or vice versa, at the rate of 7.80. When the market rate is below 7.80, the banks will convert US dollars for Hong Kong dollars from the HKMA; Hong Kong dollar supply will increase, and the market rate will climb back to 7.80.
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]
To commemorate the establishment of the Hong Kong Special Administrative Region on 1 July 1997, the HKMA, on behalf of the Government, issued a HK$1,000 commemorative proof gold coin, 97,000 proof sets and an unknown number of brilliant uncirculated set of seven coins with the same denominations as the coins currently in circulation. On the ...
The Hong Kong one hundred dollar note was first issued from 1858 from the Mercantile Bank, 1866 by the Oriental Bank Corporation, the Standard Chartered Bank (Hong Kong) from the 1860s but a confirmed date for this bank is 1879, followed by The Hongkong and Shanghai Banking Corporation in 1877.