Tuesday, July 10, 2007

Hong Kong Issues Ten Dollar Polymer Notes

    new hong kong polymer notesHong Kong government formally launched 50 million Hong Kong ten dollar polymer notes on Monday, July 9, 2007.

    It is reported the new note is cleaner, more durable, more secure and environmentally-friendly than the existing legal tender notes.

    The first ever polymer bill in Hong Kong is supposed to be cleaner than paper bill, since the polymer substrate is much less porous than paper. Also, the polymer can be recycled after use.

    While retaining some of the security features of the existing purple $10 paper note, the new note incorporates four newly visible security features specific to polymer notes:

    • A Clear window with a numeral 10;
    • A watermark-like image of the bauhinia flower, integrated into the clear window;
    • A watermark-like image of the numeral 10, which is visible when viewed with background light;
    • The image of a ribbon on the clear window, whose color changes between pink and purple when the note is tilted.

    It is Hong Kong's Monetary Authority who have printed the new 10-Hong Kong-dollar bill while HSBC Hong Kong is in charge of distributing them to other banks throughout the city.

    The new bill will circulate alongside the existing paper notes and coins, both of which will remain legal tender.

    Financial Secretary Henry Tang said that the issue of polymer notes with different values will be considered if the new bill is accepted by the public. Source: CRI

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Hong Kong Issues Ten Dollar Polymer Notes


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https://blognews12.blogspot.com/2007/07/hong-kong-issues-ten-dollar-polymer.html


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