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The one dollar note was first issued by The Hongkong and Shanghai Banking Corporation from 1872 to 1935. No other bank issued this denomination. No other bank issued this denomination. In 1935 the Government of Hong Kong took over the issuing and became the sole issuer for this denomination.
In 2012, Hong Kong's Bank of China issued a new 100-dollar note to commemorate the bank's 100th anniversary. Although legal tender, the notes aren't intended for circulation. 1,100,000 notes were sold as numismatic products packaged in a folder for HK$150.
In the same year, the Hong Kong dollar was pegged to the U.S. dollar at a rate of HK$5.65 = US$1, revised to HK$5.085 = US$1 in 1973. From 1974 to 1983, the Hong Kong dollar was not anchored to another currency, changing the monetary regime from a currency board system to a floating currency system.
The same mechanism also works when the market rate is above 7.80, and the banks will convert Hong Kong dollars for US dollars. The Hong Kong dollar is backed by one of the world's largest foreign exchange reserves, which is over 7 times the amount of money supplied in circulation or about 48% of Hong Kong dollars M3 at the end of April 2016. [3]
After four miserable years, stock market in Hong Kong and mainland China are finally soaring, but whether benefits from the economic stimulus measures announced in September spread beyond stock ...
H. Hong Kong fifty-dollar note; Hong Kong five hundred-dollar note; Hong Kong five-cent note; Hong Kong five-dollar note; Hong Kong one hundred and fifty-dollar note
The exchange rate is pegged and is approximately MOP 1.03 for HK$1, [20] and Hong Kong dollar banknotes and coins are generally accepted at par or MOP 1.00 for retail payments. For United States dollars, to which the Hong Kong dollar is in turn loosely pegged, the exchange rate is around MOP 8 to 1 US dollar. Although it is possible to exchange ...
The same change could also be seen on the twenty-dollar note and the one hundred-dollar note of HSBC during this decade. As the date of the transfer of sovereignty over Hong Kong was approaching, the two note-issuing banks modified their design in 1993 to tune down the British elements. In 1994, the Bank of China became the third note-issuing ...