| 港元 (Chinese) | |
|---|---|
 Hong Kong SAR | |
| ISO 4217 | |
| Code | HKD (numeric: 344) |
| Subunit | 0.01 |
| Unit | |
| Symbol | $ or HK$ |
| Denominations | |
| Banknotes | $10, $20, $50, $100, $150 (commemorative), $500, $1,000 |
| Demographics | |
| Official user(s) |  Hong Kong |
| Unofficial user(s) |  Macau |
| Issuance | |
| Monetary authority | Hong Kong Monetary Authority |
| Website | www |
| Printer | Issuing banks and authority:
Note printer: |
| Website | www |
The issue of banknotes of the Hong Kong dollar is governed in the Special Administrative Region of Hong Kong by the Hong Kong Monetary Authority (HKMA), the governmental currency board and central bank of Hong Kong. Under licence from the HKMA, three commercial banks issue their own banknotes for general circulation in the region. Notes are also issued by the HKMA itself.
In most countries of the world, the issue of banknotes is handled exclusively by a single central bank or government. The arrangements in Hong Kong are unusual but not unique, as a comparable system is used in the United Kingdom where seven commercial banks other than the Bank of England (the central bank of the UK) issue banknotes (three in Scotland and four in Northern Ireland) and Macau where two banks issue banknotes.
Hong Kong dollar banknotes in everyday circulation are issued in denominations of $10, $20, $50, $100, $500 and $1,000. Although it is common practice for most Hong Kong businesses to reject $1,000 notes due to the risk of counterfeit money.[1]
The total value of banknotes in circulation in Hong Kong can be found in the HKMA Monthly Statistical Bulletin and the HKMA Annual Report.
- ^ "Opinion | Hong Kong's unwanted HK$1,000 banknote is the money launderer's medium of choice". South China Morning Post. 22 February 2015. Retrieved 30 July 2024.