Banknotes of Hong Kong

The official currency of Hong Kong is the Hong Kong Dollar (HKD), issued by the Hong Kong Monetary Authority. Paper money was first introduced in 1863, with notes issued by chartered banks. The Hong Kong dollar underwent a significant reform in 1983 when the peg to the US dollar was established, fixing the exchange rate at approximately 7.8 HKD to 1 USD. Collectors are drawn to Hong Kong's banknotes due to their vibrant designs that often incorporate local landmarks and historical figures. The 1990 series, featuring intricate security features and a modern design, is particularly sought after, highlighting the innovative approach to currency in the region.