Hong Kong introduces new banknotes
Hong Kong has adopted new banknotes, which have advanced security features to prevent counterfeiting. These notes are also intended to showcase the city’s renowned yum cha culture and Cantonese opera. The Hong Kong Monetary Authority (HKMA) introduced the new currency, which has enhanced watermark and concealed denomination – a numeral visible when the bill is tilted at an angle – among other features. HKMA chief executive Norman Chan Tak-lam said similar to other places, the regulator will at appropriate intervals introduce a new series of banknotes for the purpose of adopting the latest banknote printing technology, thus making it difficult for counterfeiters to imitate or replicate these banknotes. The new bills will have new design themes on them: yum cha on HK$20 notes; butterflies (HK$50); Cantonese opera (HK$100); the city’s Unesco Global Geopark (HK$500); and Hong Kong’s position as an international financial center on HK$1,000 bills.