hkd is the legal currency of Hong Kong and hkd is the abbreviation of Hong Kong Dollar. According to the Hong Kong Basic Law and the Sino-British Joint Declaration, Hong Kong’s autonomy includes the right to issue currency on its own. The official ISO 4217 is referred to as HKD; the logo is HK$.
The Hong Kong dollar is divided into coins and banknotes. Coins have a face value of one cent, two cents, five cents, one yuan, two yuan, five yuan, and ten yuan; banknotes are ten yuan, twenty yuan, fifty yuan, one hundred yuan, and five hundred yuan. Yuan, one thousand yuan; the new version of the 10-yuan note is purple and blue, and the area is smaller than the old 10-yuan note, and new anti-counterfeiting measures have been added.
Its official ISO 4217 is abbreviated as HKD (Hong Kong Dollar), and the symbol is HK$.
Hong Kong is the world’s third largest financial center after New York and London bai, so the Hong Kong dollar has become one of the currencies with a sound system and stable currency. Although the history of Hong Kong dollar issuance is not long and the region is not large, its development is representative.
The majority of Hong Kong dollar banknotes 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. There are also new purple ten-yuan banknotes 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 in which the issuance of Hong Kong dollar is pegged to the US dollar.
When a note-issuing bank issues any amount of Hong Kong dollars, it must hand over the U.S. dollars to the HKMA at the exchange rate of 7.80 Hong Kong dollars to 1 U.S. dollar, record them in the accounts of the Exchange Fund, and receive the certificate of indebtedness before they can print money. In this way, the US dollar held by the Exchange Fund provides support for the stability of Hong Kong dollar banknotes.
Although the Hong Kong dollar has legal status only in Hong Kong, it is also accepted in many places in Mainland China and Macau SAR. Moreover, in Macau casinos, the Hong Kong dollar is the only currency accepted other than the Macau Pataca.
Domestic exchange of Hong Kong dollars can be exchanged to different banks, such as Bank of China, Industrial and Commercial Bank of China, Agricultural Bank, Bank of Communications, Construction Bank and other five major banks and some commercial banks. The exchange will be processed from Monday to Friday. Currency is generally not accepted on weekends. exchange.
It is generally necessary to make a telephone appointment in advance when currency exchange, especially when the exchange amount is relatively large, and not all bank branches can exchange it. Generally, various information needs to be filled in during exchange. If the currency exchanged by the user has not been used up, it can be exchanged back to the original currency.