Hong Kong in­tro­duces new ban­knotes

Banking Frontiers - - News -

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.

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