Hong Kong
Hong Kong new date (2007) 10-dollar note reported
Feb 19, 2008 03:40 PM Category: Asia
10 dollars (US$1.30), 1st OCTOBER 2007. Like the HKD10 issued July 9, 2007, but new date and new signatures (John Tsang Chun-wah, FINANCIAL SECRETARY; Joseph Yam Chi-kwong, MONETARY AUTHORITY). Polymer. 133 x 66 mm.
Images courtesy of Thomas Krause.
© 2008: Neither information nor images from this site may be reproduced without permission from owen [AT] banknotenews [DOT] com.
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Hong Kong urges use of circulated notes for red envelope gifts
Jan 27, 2008 11:42 AM Category: Asia
According
to a January 23, 2008, press release, the Hong Kong
Monetary Authority (HKMA) is reminding the public to
help protect the environment by using good-as-new
notes, instead of brand-new ones, for
lai-see,
the small red envelopes containing money
traditionally given for good luck at special
occasions, such as weddings and the Lunar New Year.
“Thanks to the support of the public and the note-issuing banks, about 162 million, or 50%, of the notes issued in the run-up to the last Chinese New Year were good-as-new notes, up from 53 million, or 20%, the year before…Every year 300 to 400 million new and used notes are issued to cater for demand in connection with the Chinese New Year. Three hundred million notes occupy 500 cubic metres of storage space and could fill 20 twenty-foot containers. The three note-issuing banks need to arrange 500 trips with security escort to transport these brand-new notes. And it takes 400 tonnes of cotton to produce 300 million banknotes.
“Good-as-new notes are perfectly suitable for use as lai-see. Hong Kong’s currency notes are kept very clean with dirty or torn notes being removed from circulation when they are returned to the note-issuing banks. Each year about one-third of the notes in circulation are identified as unfit for use and replaced.”
© 2008: Neither information nor images from this site may be reproduced without permission from owen [AT] banknotenews [DOT] com.
“Thanks to the support of the public and the note-issuing banks, about 162 million, or 50%, of the notes issued in the run-up to the last Chinese New Year were good-as-new notes, up from 53 million, or 20%, the year before…Every year 300 to 400 million new and used notes are issued to cater for demand in connection with the Chinese New Year. Three hundred million notes occupy 500 cubic metres of storage space and could fill 20 twenty-foot containers. The three note-issuing banks need to arrange 500 trips with security escort to transport these brand-new notes. And it takes 400 tonnes of cotton to produce 300 million banknotes.
“Good-as-new notes are perfectly suitable for use as lai-see. Hong Kong’s currency notes are kept very clean with dirty or torn notes being removed from circulation when they are returned to the note-issuing banks. Each year about one-third of the notes in circulation are identified as unfit for use and replaced.”
© 2008: Neither information nor images from this site may be reproduced without permission from owen [AT] banknotenews [DOT] com.
Hong Kong issues new HK$10 polymer note
Jul 01, 2007 04:34 PM Category: Asia
10 dollars (US$1.30), 1st April 2007. Issued July 2007. Like Pick 400, but new date, new signatures (Henry Tang Ying-yen, FINANCIAL SECRETARY; Joseph Yam Chi-kwong, MONETARY AUTHORITY), larger tactile denomination in corners, see-through window with numeral 10, watermark-like image of bauhinia flower in clear window, watermark-like image of numeral 10, ribbon printed in pink-to-purple OVI, irridescent band with bauhinia flower and HK10 moved to center of note. Rearing horse as registration device, denomination as latent image. Polymer. 133 x 66 mm.
Images courtesy of the Hong Kong Monetary Authority.
Neither information nor images from this site may be reproduced without permission.
Hong Kong new date (1.1.2006) $50 note reported
May 07, 2007 04:56 PM Category: Asia
Hong Kong issues new date (1.1.2006) $100 note
Mar 30, 2007 05:25 PM Category: Asia
Hong Kong recalls older $1,000 notes for fear of fakes
Mar 28, 2007 05:25 PM Category: Asia
Recently the Hong Kong Monetary Authority was forced to recall 3 million $1,000 (US$128) notes after more than 1,500 fake bills had been discovered in circulation. The affected notes are from the Hong Kong & Shanghai Banking Corporation and are dated 2000 and 2002 (Pick 206, above top). The old notes are being replaced with those dated 2003 (Pick 211, above bottom).
Images courtesy of Andrew Quirke.
Neither information nor images from this site may be reproduced without permission.