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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.
The second introduction of a dollar coin was started in 1960 as a copper-nickel coin of 30 mm in diameter, 2.25 mm thick, and weighing 11.66 g. The circulation of this coin was ended in 1978 with the issuance of a smaller coin of 25.50 mm in diameter, 1.95 mm thickness and weighing 7.10 g.
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 five-dollar coin is the second-highest-denomination coin of the Hong Kong dollar. It replaced the five-dollar banknote in 1976. It was first issued as a 10-sided coin in 1976, under British rule. The coin was also made of copper-nickel but weighed 10.76 grams, was 31 mm in diameter and 2.08 mm thick.
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 Hong Kong dollar is bumping against the top end of its narrow 7.75-7.85 band against the U.S. dollar and is among the best-performing currencies this year even as the city's economy struggles ...
The ten-cent coin is the lowest-denomination circulating coin of the Hong Kong dollar. With a diameter of 17.5 millimetres (0.69 in) and a mass of 1.85 grams (0.065 oz) it is also the smallest in size and weight. [1] It is the oldest coin denomination to still be in circulation in Hong Kong.
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