The new 1 and 10 yuan banknotes are purple with blue, which is smaller than the old 10 yuan banknotes, and new anti-counterfeiting measures are added.

2. The banknotes are signed by the Financial Secretary, Mr John Tsang, and the Chief Executive of HKMA, Mr Joseph Yam.

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brief introduction

Hong Kong is the third largest financial center in the world after new york and London, which makes Hong Kong dollar one of the currencies with sound system and stable value. Although the history of issuing Hong Kong dollars is not long and the region is not large, its development is representative to some extent.

The vast 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, and the new purple ten-dollar note is issued by the Hong Kong Monetary Authority. Coins are issued by the monetary authorities.

Since 1983, Hong Kong has established a linked exchange rate system linking the issuance of Hong Kong dollars to the US dollar. When issuing any amount of Hong Kong dollars, note-issuing banks must pay US dollars to HKMA at the exchange rate of HK$ 7.80 to US$ 65,438 +0, and record them in the account of the Exchange Fund before printing money. In this way, the US dollars held by the Exchange Fund provide support for the stability of Hong Kong dollar banknotes.

Baidu Encyclopedia: Hong Kong dollars