Cryptocurrency Q&A
Who prints HKD?
Who prints HKD?
Caterina
Wed Oct 09 2024
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6 answers
1162
I would like to know which institution or organization is responsible for printing the Hong Kong Dollar (HKD). Could you please tell me who prints HKD?
6 answers
DigitalLordGuard
Fri Oct 11 2024
Banknotes, which are the primary form of currency in circulation in Hong Kong, are issued by a group of authorized banks known as the note-issuing banks.
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Stefano
Fri Oct 11 2024
These banks have the authority to issue and redeem banknotes against payment to or from the Exchange Fund, which is managed by the Hong Kong Monetary Authority.
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Elena
Fri Oct 11 2024
The redemption and issuance of banknotes are done at the specified rate of US$1 to HK$7.80, ensuring that the value of the Hong Kong dollar remains stable and predictable.
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BonsaiStrength
Fri Oct 11 2024
The Linked Exchange Rate System is a monetary policy framework in Hong Kong that maintains the stability of the Hong Kong dollar against the US dollar.
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InfinityVoyager
Fri Oct 11 2024
The banknotes issued by the note-issuing banks are printed in Hong Kong by Hong Kong Note Printing Limited (HKNPL), a company with a long history of producing high-quality banknotes for various currencies.
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