I have some old Hong Kong dollars and I'm wondering if they are still valid. I'm not sure if they have been phased out or if there's a deadline for exchanging them. Can someone clarify this for me?
6 answers
SsamziegangSerenade
Fri Oct 18 2024
The decision to maintain the legal tender status of older banknotes underscores the government's commitment to preserving the stability and continuity of the currency system. It also recognizes the importance of catering to the public's preferences and ensuring widespread acceptance of the currency.
SamsungShineBrightnessRadianceGlitter
Fri Oct 18 2024
Since 2002, the government has been issuing $10 paper notes in response to the ongoing demand from the public. This move aimed to ensure the availability of the denomination and facilitate transactions.
Tommaso
Fri Oct 18 2024
Additionally, in 2007, the government introduced $10 polymer notes, which offer several advantages over traditional paper notes. Polymer notes are more durable, resistant to dirt and moisture, and have better security features, making them a preferred choice for many.
Giovanni
Fri Oct 18 2024
The coexistence of different banknote series highlights the adaptability of the currency system to changing public preferences and technological advancements. It also demonstrates the government's dedication to ensuring the accessibility and usability of the currency for all segments of the population.
Lorenzo
Fri Oct 18 2024
The 2010 Series banknotes, along with other older series, retain their status as legal tender and will continue to be in circulation alongside the newly introduced 2018 Series. This ensures a smooth transition and maintains the public's trust in the currency.