Notes in Circulation
Hong Kong dollar notes in everyday circulation are $10, $20, $50, $100, $500 and $1,000. The $20, $50, $100, $500 and $1,000 notes are issued by the three note-issuing banks. The 2010 Series and other old series banknotes remain legal tender and will continue to circulate along with the 2018 Series. The Government has been issuing the $10 paper notes since 2002 in response to continuing public demand and the $10 polymer notes since 2007. The $10 notes issued by two note-issuing banks in the 1990s remain legal tender, but are no longer printed.
The total value of notes in circulation in Hong Kong can be found in Monthly Statistical Bulletin andthe Monetary Stability chapter of theAnnual Report.
Note-issuing Banks
The Government, through the HKMA, has given authorisation to three commercial banks, namely The Hongkong and Shanghai Banking Corporation Limited, the Bank of China (Hong Kong) Limited and the Standard Chartered Bank (Hong Kong) Limited, to issue banknotes in Hong Kong. This authorisation is accompanied by a set of terms and conditions agreed between the Government and these three note-issuing banks. Banknotes are issued by the note-issuing banks, or redeemed, against payment to, or from, the Exchange Fund in US dollars, at a specified rate of US$1 to HK$7.80 under the Linked Exchange Rate System. Banknotes issued by the note-issuing banks are printed in Hong Kong by Hong Kong Note Printing Limited (HKNPL).
Note-Printing
In April 1996, the HKMA on behalf of the Government, acquired the note printing plant in Tai Po, Hong Kong from the De La Rue Group of the UK. The plant has been operating under the name of HKNPL since then. The acquisition enables the Government, through the HKMA, to be directly involved in the production of Hong Kong currency notes, which is in line with the responsibilities conferred upon the Government under the Legal Tender Notes Issue Ordinance and the Basic Law. In March 1997, the Government sold 15 per cent of its shareholding in HKNPL to the China Banknote Printing and Minting Corporation. In October 1997, the Government sold another 30 per cent shareholding, at 10 per cent to each of the three note-issuing banks. The Government continues to exercise management control and maintains a majority stake in HKNPL, with the Chief Executive of the HKMA as the Chairman of the company.
Design & Security Features of Currency Notes
Press Release(s)
Speech(es)
24 Jul 2018
Unveiling Ceremony of the New Series Hong Kong Banknotes 2018 (Chinese Version)
by Norman T.L. Chan, Chief Executive, Hong Kong Monetary Authority
13 Mar 2012
Speech at the Opening Ceremony of “Hong Kong Currency” Exhibition (Chinese Version)
by Peter Pang, Deputy Chief Executive, Hong Kong Monetary Authority
22 Jul 2011
Remarks at the Unveiling Ceremony of the New Series Hong Kong Banknotes (Chinese Version)
by Norman T.L. Chan, Chief Executive, Hong Kong Monetary Authority
inSight Article(s)
19 Jan 2021
16 Jan 2017
15 Jun 2016
R&M Column (Chinese only)
16 Nov 2018
27 Jul 2018
09 Mar 2018
09 Feb 2018
23 Jun 2017
05 May 2017
Other Topics about Hong Kong Currency
Last revision date : 20 January 2021