HKD virtual currency scam
the linked exchange rate system in Hong Kong is now known as the currency board system. This system is different from the more familiar pegged rate system. It can keep the exchange rate within a predetermined level without the central bank's frequent intervention in the foreign exchange market
under the currency board system, the monetary base (the sum of the total amount of Hong Kong dollar bills issued and Hong Kong dollar settlement accounts opened by banks with the HKMA) needs to be fully supported by the US dollar at a fixed exchange rate. Note issuing banks in Hong Kong must hand over US dollars of the same value (i.e. HK $7.8 to US $1) to the exchange reserve fund in exchange for certificates of indebtedness before they can issue notes of that face value to support full reserves
when the HKMA passively buys or sells Hong Kong dollars from banks, the US dollar reserves held by the HKMA will increase or decrease accordingly, and the monetary base of the Hong Kong dollar will change accordingly. The expansion or contraction of the monetary base will lead to the fall or rise of interest rates, that is to say, the monetary situation will automatically adjust according to the inflow or outflow of funds, so that the exchange rate can remain stable throughout the process. This is an automatic adjustment process and the HKMA does not need to make any decisions at its discretion
since 1983, Hong Kong has implemented the above currency board system, which has been effective. Despite the global stock market crash in 1987, the euro exchange rate mechanism crisis in 1992, the Mexican Peso Crisis in 1994 and the Asian financial crisis in 1998, the exchange rate of the Hong Kong dollar has remained stable.
There are fake Hong Kong dollars. There has been a case of counterfeit money by the tan brothers in history. Even HSBC can't find loopholes in the counterfeit banknotes made by the criminal Tan brothers. The laws of all countries and regions in the world prohibit anyone from making and using counterfeit banknotes. In Hong Kong, the Crimes Ordinance states that the maximum penalty is 14 years' imprisonment. In Chinese mainland, the counterfeit banknote can be sentenced to death. p>
Mr. Chen Delin, President of the Hong Kong Monetary Authority, said that in the past six years, the number of counterfeit banknotes in Hong Kong has continued to decline, with less than one counterfeit banknote out of every 1 million banknotes in circulation
Chen Delin said that the new banknote adopts the most advanced anti-counterfeiting design and engraving printing technology, greatly enhancing the anti-counterfeiting function and the advantages of easy identification. At the same time, the new banknotes also strengthen the barrier free feature, which is convenient for the visually impaired to identify the denomination of banknotes
the issuance of the new banknotes has been approved by the financial secretary of the SAR government and printed by the Hong Kong Banknote Printing Company Limited. The design of the banknotes is the responsibility of each issuing bank
I. The 2010 version of Hong Kong dollar new banknote series 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 the introction, the new banknote has a number of advanced anti-counterfeiting features, and unifies the position of the relevant features on the five denominations of banknotes. Five of the more important anti-counterfeiting features include: dynamic color changing pattern - when you look at the banknote at an angle, the pattern changes from gold to green, and you can see a light pattern rolling up and downcolor changing metal wire for window opening -- the metal wire changes from purple red to green. A closer look shows that the characters "H" and "K" are composed 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 in the 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
Second, the harm of counterfeit banknotes
the circulation of a large number of counterfeit banknotes may lead to economic problems, such as inflation. The person who receives the counterfeit note in the transaction will lose the money of the marked value of the counterfeit note
The overflow of counterfeit banknotes not only endangers the domestic economy, but also affects people's livelihood. It's not easy to make money because of the bad economy. If you still receive counterfeit banknotes, it will shrink people's pockets. In order to stop the proliferation of counterfeit banknotes, it is not enough for the government to ecate the public to pay attention to counterfeit banknotes. What's more, it is necessary to face up to the problem and put forward countermeasures to relieve the public's fear of receiving counterfeit banknotesHong Kong dollar, abbreviated as HKD = Hong Kong dollar
exchange rate of Hong Kong dollar to RMB: 1 Hong Kong dollar = 0.8742 RMB. Therefore, 300 HKD is about 262.26 RMB
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 iso4217 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 2010Hong Kong has established a linked exchange rate system linking the issuance of Hong Kong dollar to the US dollar. The US dollar held by the exchange fund supports the stability of Hong Kong dollar notes
extended information:
Hong Kong is the third largest financial center in the world after New York and London. Therefore, Hong Kong dollar has become one of the currencies with sound system and stable currency value. Although the issuing history of Hong Kong dollar is not long and the region is not big, its development is representative
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. 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
the main printing features of each edition of Hong Kong dollar are gravure printing, fluorescent ink, offset printing, rection printing, refraction, wiring and color separation
Hello, 50000 Hong Kong dollars is about 44589.5 yuan. See the conversion screenshot< br />
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