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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.
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.
[3] [4] Using the "traditional way" of full name and account number to make interbank transfer is also allowed. [5] [6] The system was implemented by the Hong Kong Monetary Authority and operated by Hong Kong Interbank Clearing Limited (HKICL). It was launched for pre-registration on 17 September 2018. [7]
Citibank (Hong Kong)'s address of the principal place of business is Citi Tower, One Bay East, No. 83 Hoi Bun Road, Kwun Tong, Kowloon. [2] However, Citibank, N.A. Hong Kong branch office is located on the 50th floor of Champion Tower, 3 Garden Road, Central, Hong Kong which doesn't operate retail banking.
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 .
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However, the HK$10 banknote and all coins are issued by the Government of Hong Kong. As of April 2019, the Hong Kong dollar was the ninth-most traded currency in the world. [4] Hong Kong uses a linked exchange rate system, trading since May 2005 in the range US$1:HK$7.75–7.85.
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