| If you are a buyer or a seller of
Paper Money, Currency, Banknotes and would like to buy or offer your
Collectibles in our Online Marketplace or open your free listing direct supply store, you have come to the right place. We offer
collectorss, private sellers and dealers a place where to show their items listed for sale at auction or fixed price offering buyers a complete line, a huge variety of
products and accessories they can choose from.
Hong kong
Mil The Hong Kong dollar is the
currency of Hong Kong.
When Hong Kong was established as a free trading port in 1841, there was
no local currency in everyday circulation. Foreign currencies were
employed. Foreign currencies continued to circulate alongside local
issues but the majority of these were not up to standard for government
payments. Owing to financial losses, the Hong Kong Mint (located on
Sugar Street) was closed in 1868 after two years operation.
From 1895, legislation was enacted in attempts to regulate the coinage.
The One-Dollar Currency Note Ordinance of that year lead to the
introduction of 1 dollar notes by the government and the Government
acknowledged the Hong Kong Dollar as the local monetary unit.
During the Japanese occupation, Japanese military yen were the only
means of everyday exchange in Hong Kong. The issue of local
currency was resumed by the Hong Kong Government and the authorized
local banks after liberation, with the pre-war rate and all yen notes were declared void.
Currency in Hong Kong is issued by the Government and three local
banks under the supervision of the territory's de facto central bank,
the Hong Kong Monetary Authority. Bank notes are printed by Hong Kong
Note Printing Limited.
A bank can only issue a Hong Kong dollar if it has the equivalent
exchange in U.S. dollars on deposit.
|
