The Hong Kong Monetary Authority, Standard Chartered Bank (Hong Kong) Limited, The Hongkong and Shanghai Banking Corporation Limited and the Bank of China (Hong Kong) Limited announced on July 20th that they would launch a new series of 20 10 banknotes.
Hong Kong has established a linked exchange rate system linking the issuance of Hong Kong dollars to the US dollar. The US dollars held by the Exchange Fund provide support for the stability of Hong Kong dollar banknotes.
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Hong kong dollar history
During the period of 1935, the price of silver in the United States and other places rose, which led to the outflow of silver from China and Hongkong. On 1 October 9, the Hong Kong government passed the Monetary Ordinance, 1935, 165438, and declared "Hong Kong dollar" as the monetary unit of Hong Kong. The exchange rate between Hong Kong dollar and British pound was set at 16 to1.
(China announced on1October 4 165438, that is, five days before Hong Kong adopted the Hong Kong dollar as the currency in circulation, it abandoned the silver standard and issued legal tender instead. ) 1 August, 9371day, all kinds of silver dollars ceased to circulate, and Hong Kong dollars officially became legal tender.
When Japan occupied Hong Kong in World War II, it forcibly replaced Hong Kong dollars with Japanese military tickets. It was not until after the war that the Hong Kong dollar resumed its legal status.
Baidu Encyclopedia-HKD