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The Mercantile Bank was absorbed by HSBC in 1978 and ceased issuing notes. In 1985, 20-dollar notes were introduced, whilst, in 1993, a 10-dollar coin was introduced and the banks stopped issuing 10-dollar notes. In 1994, the Hong Kong Monetary Authority (HKMA), gave authority to the Bank of China to issue notes.
The issue of Hong Kong dollar notes is governed today by the Hong Kong Monetary Authority (HKMA), the governmental currency board of Hong Kong. Under licence from the HKMA, three commercial banks issue their own banknotes for general circulation in the region.
Hong Kong Monetary Authority 香港金融管理局; Headquarters: International Finance Centre, Central, Hong Kong: Established: 1 April 1993; 31 years ago () Chief Executive: Eddie Yue: Central bank of: Hong Kong: Currency: Hong Kong dollar HKD Bank rate: 2.75% (as of 28 July 2022) [1] Interest on reserves: None: Website: www.hkma.gov.hk
Total Hong Kong dollar deposits dropped 0.1 per cent in November, the Hong Kong Monetary Authority said on Tuesday, in a sign the city's banking system had held up amid the ongoing anti-government ...
Eddie Yue Wai-man (Chinese: 余偉文; born 21 September 1964) is the 3rd and current Chief Executive of the Hong Kong Monetary Authority, having held the position since 1 October 2019. [ 2 ] [ 3 ] Education
Notes issued by the Hongkong and Shanghai Banking Corporation. 1977-1983 Big Golden Lion (Chinese: 大金獅) 1985-1987 Goldfish yellow (Chinese: 金魚黃) 1988-1991 Salted Egg Yolk (Chinese: 鹹蛋黃) 1993-2002 Side-face Lion (Chinese: 側獅) 2003-2009 Front-face Lion (Chinese: 正獅) Notes issued by the Standard Chartered Bank (Hong Kong)
The Hong Kong Monetary Authority (HKMA), Hong Kong's de facto central bank, authorised note-issuing banks to issue banknotes. These banks are required to have the same amount of US dollars to issue banknotes. The HKMA guarantees to exchange US dollars into Hong Kong dollars, or vice versa, at the rate of 7.80.
Currency in Hong Kong is issued by the government and three local banks under the supervision of the territory's de facto central bank, the Hong Kong Monetary Authority. Bank notes are printed by Hong Kong Note Printing. A bank can issue a Hong Kong dollar only if it has the equivalent exchange in US dollars on deposit.