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Sunday, October 5, 2014

Hong Kong Travel Dictionary: Coins and Notes

Hong Kong Travel Dictionary - useful information in bite-size

Coins and Notes

A total of three banks issue Hong Kong's banknotes in Hong Kong Dollars. The design of banknote from each bank during different periods may be different (i.e. there is no standard pattern). However, the colour scheme of all current valid banknotes is standard. Coins  are issue by the Hong Kong Monetary Authority, most coins have the same look and feel. Purple ten dollar notes are also issued by HKMA.

Hong Kong has a variety of banknotes and coins, following one major colour scheme:
  • Coins (in gold): 10 cents, 20 cents, 50 cents, 
  • Coins (in silver): 1 dollar, 2 dollars, 5 dollars
  • Coins (in gold and silver): 10 dollars
  • Banknotes: 10 dollars (purple or green), 20 dollars (blue), 50 dollars (green or purple)
  • Banknotes: 100 dollars (red), 500 dollars (brown), 1000 dollars (gold)

With the increasing popularity of Octopus payment system, cents are becoming less popular nowadays. However, coins are still legal tender and should be accepted. Ten dollars may be presented as coins, banknotes in purple or even green. Fifty dollars may be presented in banknotes in green or purple. Care must be taken when accepting or giving $10 and $50 notes as they look very similar in colour. 

Extreme care must be taken when handling $1000 notes. There were know instances of counterfeit (i.e. fake) $1000 banknotes. Some retailers may choose to reject $1000 banknotes to protect their interests, tho straightly speaking it is illegal to do so. The anti-counterfeit of Hong Kong banknote is advanced. Retailers and banks are usually equipped to validate banknotes.

In a hurry? Search Hong Kong Travel Dictionary.