Hong Kong dollar is a virtual currency

1. Personal feeling is not reliable, it may be a MLM currency

bitcoin was once very popular, and then some illegal pyramid schemes began to stir up. They carried out pyramid schemes under the guise of bitcoin and virtual currency. In fact, these pyramid schemes have nothing to do with virtual currency and bitcoin

in order to attract people, some MLM currencies often have a group of international professional development and operation teams under the background of large international companies. The most mentioned team is the elite team of Wall Street. The mode of promotion is pyramid style to make money

bitcoin home, the mainstream media in bitcoin circle, once broke out a similar pyramid scheme.

2. Hong Kong dollar or Hong Kong dollar is the legal currency in circulation in Hong Kong, the people's Republic of China. According to the basic law of Hong Kong and the Sino British Joint Declaration, Hong Kong's autonomy includes the right to issue its own currency. Its formal ISO 4217 is called HKD (Hong Kong dollar); The mark is HK $

the vast majority of Hong Kong dollar notes are issued by three note issuing banks under the supervision of the Hong Kong Monetary Authority. The three note issuing banks include HSBC, Standard Chartered Bank and Bank of China, and a small number of new $10 notes are issued by the Hong Kong Monetary Authority. Coins are issued by the monetary authority. Since 1983, Hong Kong has established a linked exchange rate system linking the issuance of Hong Kong dollar to the US dollar. When a note issuing bank issues any amount of Hong Kong dollars, it must hand over US dollars to the HKMA at the exchange rate of HK $7.80 to US $1, record them in the account of the exchange fund, and print the notes after receiving the certificate of indebtedness. In this way, the US dollar held by the exchange fund will support the stability of the Hong Kong dollar notes

it is worth noting that all banknotes in Hong Kong have right. Therefore, no one can the banknotes without the permission of the right holder. In Hong Kong, for many years, several institutions have been fined heavily for using banknotes in advertisements without the approval of the bank that holds them


at first, the Hong Kong dollar was linked to the British pound, but after the war, Britain's economic strength weakened and once devalued sharply, which affected Hong Kong's economy. In June 1972, the Hong Kong government pegged the Hong Kong dollar to the US dollar instead of the British pound. The initial exchange rate was HK $5.65 to US $1. In February 1973, it was changed to HK $5.085 to US $1. Since November 1974, it has been changed to free floating. Until 1983, e to the confidence crisis caused by the future of Hong Kong, the exchange rate of the Hong Kong dollar dropped sharply. In September of the same year, it fell to HK $9.6 to US $1. Since October 17 of the same year, the then financial secretary, Mr. Patrick Peng, announced that the exchange rate of the Hong Kong dollar was pegged to the US dollar at HK $7.80 to US $1, which has been maintained up to now

banknotes

the original banknotes in Hong Kong were issued by the East fan bank, which was established in Hong Kong in 1845. Before the government passed the currency regulations in 1935, many banks issued banknotes, but these banknotes were mainly used for commercial transactions. The government only accepts the banknotes of some chartered banks as legal currency. After 1935, the government authorized HSBC, advantaged Bank (later merged by HSBC) and India's new golden hill China Bank (later renamed Standard Chartered Bank) to issue Hong Kong dollar banknotes of more than five yuan. Hong Kong dollar notes with denominations of $1 and below are issued by the Hong Kong government. After the Hong Kong government issued $5 coins in 1975, the issue of $5 notes ceased. In the 1990s, the government issued $10 coins, and banks stopped issuing $10 notes. Later, the Bank of China became one of the note issuing banks in Hong Kong. In 2002, the 10 yuan note was issued again by the monetary authority<

before 1995, the government issued one cent notes to facilitate redemption and the payment of public service bills. These notes were no longer accepted as legal currency after October 1, 1995< At present, there are three note issuing banks in Hong Kong, namely bank of China, HSBC and Standard Chartered Bank

coins

before the handover of Hong Kong sovereignty in 1997, coins in circulation had the head of the British emperor, which once became the object of collection. Since 1993, the government has graally taken back the old coins and replaced them with new coins with Bauhinia on the back. However, the Queen's head coins are still legal currency, and they circulate at the same time as the new coins

the latest Hong Kong dollar coins and banknotes styles

denomination ($) material shape

one millionth (0.10) brass alloy round

two millionth (0.20) brass alloy wavy edge

five millionth (0.50) brass alloy round

one yuan (1.00) white nickel alloy round

two yuan 2.00) white nickel alloy with wavy edge

five yuan (5.00) white nickel alloy is round, and the Chinese character "Hong Kong Wu Yuan" is engraved on the edge

ten yuan (10.00) white nickel alloy with outer ring,

brass alloy round center

banknote

denomination ($) color, reverse landmark pattern

ten yuan (10) Purple -

twenty yuan (20) blue Taiping peak Lingxiao Pavilion

fifty yuan (50) green -

one hundred yuan (100) red Qingma bridge

five hundred yuan (500) Brown Color Hong Kong International Airport, Taiping peak

1000 yuan golden Hong Kong Exhibition, Victoria Harbour

3.

HK$

Hong Kong dollar, or Hong Kong dollar, is the legal currency in circulation in Hong Kong. According to the basic law of Hong Kong and the Sino British Joint Declaration, Hong Kong's autonomy includes the right to issue its own currency. Its formal ISO 4217 is called HKD (Hong Kong dollar); The mark is HK $

the Hong Kong Monetary Authority, Standard Chartered Bank (Hong Kong) Limited, Hongkong and Shanghai Banking Corporation Limited and Bank of China (Hong Kong) Limited announced on July 20, 2010 that they will launch the new series of Hong Kong dollar banknotes in 2010. Hong Kong has established a linked exchange rate system in which the issuance of Hong Kong dollar is linked to the US dollar

extended information:

development history

the vast majority of Hong Kong dollar notes are issued by three note issuing banks under the supervision of the Hong Kong Monetary Authority. The three note issuing banks include HSBC, Standard Chartered Bank and Bank of China, and the new purple ten dollar note is issued by the Hong Kong Monetary Authority

Since 1983, Hong Kong has established a linked exchange rate system linking the issuance of Hong Kong dollar to the US dollar. When a note issuing bank issues any amount of Hong Kong dollars, it must hand over US dollars to the HKMA at the exchange rate of HK $7.80 to US $1, record them in the account of the exchange fund, and print the notes after receiving the certificate of indebtedness

the first banknote in Hong Kong was issued by the Oriental Bank of China in 1845, but it didn't really circulate universally for a long time. It was not until 1857 that the Hong Kong government allowed the use of banknotes to pay fees, and many banks began to issue banknotes one after another

By 1865, the banknotes issued by five banks had been approved by the Hong Kong government, but the banknotes below $5 could not be issued unless specially permitted. It was in November 1935 that Hong Kong dollar was the real currency unit

4.

Before the handover of Hong Kong's sovereignty in 1997, coins in circulation with the head of the British emperor were once the objects of collection. Since 1993, the government has graally taken back the old coins and replaced them with new coins with Bauhinia on the back. However, the Queen's head coins are still legal currency, and they circulate at the same time as the new coins

the new version of 10 yuan note is purple with blue, the area is smaller than the old version of 10 yuan note, and new anti-counterfeiting measures are added. The notes were signed by the financial secretary, Mr John Tsang, and the chief executive of the HKMA, Mr Joseph Yam

extended information

the first note in Hong Kong was issued by Oriental exchange bank in 1845. Before the government passed the monetary regulations in 1935, many banks issued banknotes, but these banknotes were mainly used for commercial transactions. The government only accepts some chartered bank notes as legal currency

after 1935, the government authorized HSBC, beneficiary bank (later acquired by HSBC) and new golden hill China Bank (later renamed as Standard Chartered Bank) to issue more than five Hong Kong dollar notes. The Hong Kong government issues Hong Kong dollar notes with denominations less than $1. The Hong Kong government issued five dollar coins in 1975 and then five dollar notes

In the 1990s, the government issued $10 coins and banks stopped issuing $10 notes. Later, the Bank of China became one of the banks issuing banknotes in Hong Kong. In 2002, the government issued another 10 yuan note

5.

Hong Kong dollar symbol: HK $

Hong Kong dollar, or Hong Kong dollar, is the legal currency in circulation in Hong Kong. According to the basic law of Hong Kong and the Sino British Joint Declaration, Hong Kong's autonomy includes the right to issue its own currency. Its formal ISO 4217 is called HKD (Hong Kong dollar)

the Hong Kong Monetary Authority, Standard Chartered Bank (Hong Kong) Limited, Hongkong and Shanghai Banking Corporation Limited and Bank of China (Hong Kong) Limited announced on July 20, 2010 that they will launch the new series of Hong Kong dollar banknotes in 2010. Hong Kong has established a linked exchange rate system in which the issuance of Hong Kong dollar is linked to the US dollar. The US dollar held by the exchange fund supports the stability of Hong Kong dollar notes

< H2 > extended information

History of Hong Kong dollar

before 1972, Hong Kong was a member of the pound area, and the Hong Kong dollar was linked to the pound. Therefore, note issuing banks had to deposit pound sterling or qualified collateral in accordance with the specified proportion before issuing notes, and exchange them for interest free certificates of indebtedness

On October 17, 1983, Hong Kong implemented the linked exchange rate linked to the US dollar. When issuing Hong Kong dollar, the note issuing bank had to deposit 100% of the US dollar reserve at the exchange rate of HK $7.8 to US $1, and exchange it for the interest free debt certificate issued by the monetary authority under the exchange fund account before issuing the equivalent Hong Kong dollar note, Hong Kong dollars or foreign exchange should also be transferred to the "coin issuance fund" for reserve

in 1976, all the assets of the coin issue fund were transferred to the exchange fund and the certificate of interest bearing liabilities was returned by the exchange fund. In 1978, the coin issuance fund was merged into the exchange fund. The issuance of Hong Kong dollar is backed by 100% foreign exchange reserves, which has a certain supporting effect on maintaining the stability of the exchange rate of Hong Kong dollar and the economic development of Hong Kong

6. Hong Kong dollar belongs to foreign exchange, and currencies other than RMB are generally called foreign exchange. Hong Kong dollar is also a kind of foreign exchange
foreign exchange is the means of payment that can be used for international settlement in foreign currency or in foreign currency< Article 3 of the regulations on the administration of foreign exchange promulgated in 1996 stipulates the specific contents of foreign exchange as follows: foreign exchange refers to:
foreign currency. Including banknotes, coins
2. Foreign currency payment voucher. Including bills, bank payment vouchers, postal savings vouchers, etc< (3) foreign currency securities. Including government bonds, corporate bonds, stocks, etc< (4) special drawing rights, European monetary units< (5) other foreign currency assets
Hong Kong dollar is a foreign currency. Although Hong Kong is a special administrative region of our country, from the foreign exchange rate announced by the people's Bank of China every day, Hong Kong dollar is exchanged with RMB in the form of foreign currency. Therefore, Hong Kong dollar can be regarded as foreign currency< According to Article 16 of the law of the people's Republic of China on the people's Bank of China, "the legal currency of the people's Republic of China is RMB. No unit or indivial shall refuse to pay all public and private debts within the territory of the people's Republic of China in RMB. "Article 7 of the regulations of the people's Republic of China on foreign exchange control stipulates that" in the territory of the people's Republic of China, the circulation of foreign currency is prohibited, and settlement in foreign currency is not allowed. ", Settlement cannot be made in Hong Kong dollars.

7. Money is actually bank debt. A checking account is the money the bank owes you, and a banknote is the money the issuing bank owes you. The issue of cash involves the issue of gold stock, which is more complicated and I won't say much about it

to put it simply, in the past, banknotes could be exchanged for equivalent gold, so the words "pay on demand" were printed on them. Today, although people can't exchange gold with banknotes in banks, banknotes in many places still keep the words "promises to pay on demand". British pound and Hong Kong dollar are examples, while RMB does not

if you are interested, you can go to the following website< br /> http://www.self-learning-college.org/cyber_ econ/cyber_ econ_ macro_ sim_ C06. HTM

supplement:
banknotes in general countries are mostly issued by the central bank, such as the people's Bank of China. There is no central bank in Hong Kong. Banknotes are issued by three private banks. The government only mints coins.

9. Hello, the coin in this picture is a Hong Kong coin, not a game coin. The face value of this coin is 20 cents, which is equivalent to our dimes.