Thursday, July 26, 2018

Hong Kong unvieled new 2018 series of banknotes

The Hong Kong Monetary Authority (HKMA) has unveiled new bills with advanced security features to prevent counterfeiting in cooperation with three note-issuing banks. They are Standard Chartered Bank (Hong Kong) Limited, Bank of China (Hong Kong) Limited, and The Hong kong and Shanghai Banking Corporation Limited.

The 2018 series of Hong Kong banknotes will consist of five denominations, each adopting the same color scheme. The selected thematic subjects represent various aspects of Hong Kong as an international metropolis, featuring its rhythm of life, recreation and entertainment, as well as its rich natural and cultural heritage.

The five denominations depict respectively the position of Hong Kong as international financial center (HK$1,000), the Hong Kong UNESCO Global Geopark (HK$500), Cantonese opera as an artform and cultural legacy (HK$100), butterflies that inhabit Hong Kong (HK$50), and the popular dim sum and tea culture (HK$20).

The new banknotes have incorporated six key features—dynamic shimmering pattern, windowed metallic thread, enhanced watermark, fluorescent see-through denomination, concealed denomination, and embossed feel.

The HK$1,000 and HK$500 notes will be put into circulation in the last quarter of 2018 and early 2019 respectively, while the lower denominations will be ready for issue in batches between 2019 and 2020.

Bank of China

Hong Kong and Shanghai Banking Corporation

Standard Chartered Bank

No comments: