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What is ten Hong Kong dollars worth?

The latest version of the ten-dollar Hong Kong dollar uses a purple and blue design. Compared with the old version of the banknote, it is smaller in area and introduces new anti-counterfeiting technology to improve the security of the currency. The front of the banknote is printed with the signatures of Financial Secretary John Tsang and Hong Kong Monetary Authority Chief Executive Yam Chi-kong, demonstrating their official status and credibility.

As an important financial center in the world, Hong Kong’s Hong Kong dollar enjoys a reputation for its sound system and stable currency value. Hong Kong dollar banknotes are mainly issued by HSBC, Standard Chartered Bank and Bank of China under the supervision of the Hong Kong Monetary Authority, while the new purple ten-dollar note is issued directly by the Monetary Authority. The coins are produced exclusively by the Monetary Authority.

Since 1983, the Hong Kong dollar has implemented a linked exchange rate system pegged to the U.S. dollar. When the note-issuing bank issues Hong Kong dollars, it must pay U.S. dollars to the Hong Kong Monetary Authority at a fixed rate of 7.80 Hong Kong dollars to 1 U.S. dollar. This mechanism ensures that the Hong Kong dollar The US dollar reserves of the Exchange Fund provide a solid backing for Hong Kong dollar banknotes.