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The Hong Kong dollar ( Chinese: 港元, sign: HK$; code: HKD) is the official currency of the Hong Kong Special Administrative Region. It is subdivided into 100 cents or 1000 mils. The Hong Kong Monetary Authority is the monetary authority of Hong Kong and the Hong Kong dollar. Three commercial banks are licensed by the Hong Kong Monetary ...
A linked exchange rate system is a type of exchange rate regime that pegs the exchange rate of one currency to another. It is the exchange rate system implemented in Hong Kong to stabilise the exchange rate between the Hong Kong dollar (HKD) and the United States dollar (USD). The Macao pataca (MOP) is similarly linked to the Hong Kong dollar .
In 1985, 20-dollar notes were introduced, whilst, in 1993, a 10-dollar coin was introduced and the banks stopped issuing 10-dollar notes. In 1994, the Hong Kong Monetary Authority (HKMA), gave authority to the Bank of China to issue notes. The 1-cent note issued by the Government was demonetised and ceased to be legal tender on 1 October 1995.
The few places in Hong Kong where patacas are available are concentrated on Cleverly Street in Central, a short distance from the Hong Kong–Macau Ferry Terminal. Although the pataca is the legal tender of Macau, the Hong Kong dollar is almost universally acceptable in the region, and in some cases, is preferred to the pataca.
v. t. e. This is a list of countries by their exchange rate regime. [1] De facto exchange-rate arrangements in 2022 as classified by the International Monetary Fund. Floating ( floating and free floating) Soft pegs ( conventional peg, stabilized arrangement, crawling peg, crawl-like arrangement, pegged exchange rate within horizontal bands ...
The Hong Kong coinage, including 10¢, 20¢, 50¢, $1, $2, $5 & $10, is issued by Hong Kong Monetary Authority on behalf of the Government of Hong Kong. From 1863 until 1992, these coins were embossed with the reigning British monarch's effigy. Since 1 January 1993, a new series depicting the bauhinia flower was gradually issued, including a ...
The United States trade dollar is a silver ( fineness of .900 or 90%) dollar coin that was issued by the United States Mint and minted in Philadelphia, Pennsylvania, Carson City, and San Francisco from 1873 to 1885. Business strike trade dollars were last produced in 1878 and proof coin production continued until 1885. [5]
Fixed currency Reference currency Rate (reference / fixed) Abkhazian apsar: Russian ruble: 0.1 Alderney pound (only coins): Pound sterling: 1 Aruban florin: U.S. dollar
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