Is Hong Kong's virtual currency real
Hong Kong uses Hong Kong dollar, which is the legal currency in circulation in Hong Kong
e to historical reasons, Hong Kong people have always used Hong Kong dollar. The main reason why Hong Kong dollar can continue to be used is that it has a lot to do with the principle of one country, two systems, because it is pointed out in the one country, two systems that the autonomy of Hong Kong includes the right to issue currency on its own. So Hong Kong can continue to use Hong Kong dollar
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Hong Kong was colonized by Britain for 99 years. During the period of rule, Hong Kong began to use the Hong Kong dollar. The first Hong Kong dollar was issued in 1845 by the Oriental Bank. It can be seen that Hong Kong dollar has a long history. China's first set of RMB was issued in 1948, 103 years later than 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. 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
since 1993, the new banknotes issued by HSBC and Standard Chartered Bank will replace the colonial designs with lion head and Bauhinia. Old banknotes can still be used, but will graally withdraw from circulation
The legal currency of Hong Kong is Hong Kong dollar. In most cases, Hong Kong dollar can be used, as well as US dollar, euro, Japanese yen and RMB. Hong Kong is a free port. All currencies can be directly used for trading, but only Hong Kong dollars must be used
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 for short; 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. The US dollar held by the exchange fund supports the stability of Hong Kong dollar notesthe first banknotes in Hong Kong were issued by the Oriental Bank 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 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
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the new series of Hong Kong dollar banknotes in 2010 has five denominations and the same color as the banknotes in circulation. The first to be announced on the 20th is the design of new banknotes of HK $1000 and HK $500, which will be put into circulation in the fourth quarter of 2010 and early 2011 respectively. The designs of the remaining HK $100, HK $50 and HK $20 banknotes will be announced in 2012. According to reports, the new banknote has a number of advanced anti-counterfeiting features, and unifies the position of relevant features on five denominations of banknotes
a closer look shows that the characters "H" and "K" are made up of micro letters; Unified high transparency watermark: it is composed of Bauhinia Flower, denomination number and dot pattern; Fluoros pattern - the complete pattern can be seen by backlight, showing two fluorescent colors under ultraviolet light; Fluorescent banknote number - the number in line appears fluorescent red under ultraviolet light. Braille and touch line are added to the new banknotes for the first time to facilitate the visually impaired to identify the denomination of banknotes
source of reference: Internet - HKD
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