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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 issue of banknotes of the Hong Kong dollar is governed in the Special Administrative Region of Hong Kong by the Hong Kong Monetary Authority (HKMA), the governmental currency board and central bank of Hong Kong. Under licence from the HKMA, three commercial banks issue their own banknotes for general circulation in the region. Notes are ...
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. Due to the lack of public confidence in the talks, on 24 September 1983, the Hong Kong dollar was devalued by 15% over 2 days to a historical low at HK$9.6 to US$1.
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.
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 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.
The Bank started issuing banknotes of the Hong Kong dollar in 1862, and still does so today. In 2000, Standard Chartered acquired Hong Kong–based retail banking business of the Chase Manhattan Bank, including Chase Manhattan Card Company Limited. In 2010, Standard Chartered acquired the Hong Kong consumer operations of GE Capital. [2]
The Clearing House Automated Transfer System, or CHATS, is a real-time gross settlement (RTGS) system for the transfer of funds in Hong Kong.It is operated by Hong Kong Interbank Clearing Limited (HKICL), a limited-liability private company jointly owned by the Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks.