Friday, September 11, 2009
Hong Kong Launched World's First $150 Banknotes
September 11, 2009
A bank Wednesday marked its 150th anniversary in Hong Kong by launching what it claimed to be the world's first 150-dollar bank notes.
Standard Chartered Plc, one of three note-issuing banks in the wealthy city of seven million, has printed 1 million of the 150-Hong-Kong-dollar notes, worth $19.35 each.
Some notes bearing what are considered lucky serial numbers, such as 888888, are to be auctioned in October with a minimum bid of 3,000 Hong Kong dollars per note.
Money from the sale of the notes is to go to local charities in what Standard Chartered has described as a "creative tribute" to the people of Hong Kong.
Standard Chartered began operations in Hong Kong in 1859, six years after it was founded, and is the oldest of the three note-issuing banks in the city. The other two are HSBC Holdings Plc and the Bank of China Ltd.