Hong Kong, which is part of the People's Republic of China, has an autonomous status. It confirms its independence by the presence of its own currency - the Hong Kong dollar (HKD). It ranks eighth in the world list of the most traded currency units. The currency was introduced in 1985. Since 1983, the Hong Kong dollar has been dependent on the US dollar. 1 HKD = 100 cents. Money in Hong Kong is circulated as follows:
- banknotes of ten, twenty, fifty, one hundred, five hundred and one thousand HKD;
- coins: one, two, five, ten HKD and ten, twenty, fifty Hong Kong cents.
The Hong Kong dollar is issued simultaneously by 3 different banks. An interesting fact is that each denomination of the currency has several varieties. They differ in appearance and size. This is due to the fact that when new banknotes are introduced, the old ones are not withdrawn from circulation.
What currency to take to Hong Kong
The most convenient currency to travel to Hong Kong with is the dollar or euro. It will not be difficult to exchange them for the Hong Kong dollar. You can make an exchange at a bank, airport, exchange points. In this case, you should pay special attention to the presence of a commission. The most profitable exchange is done at the bank. The local exchange rate is highly dependent on the US dollar. Import of currency into Hong Kong, in contrast to export, is not limited. The export of national currency outside of Hong Kong is officially prohibited. The buyer who pays in national currency is guaranteed certain discounts and bonuses.
Currency exchange in Hong Kong
As in any country, you can make an exchange at a bank, at a train station, at an airport, exchange offices. When exchanging, a commission of 50 HK dollars is taken. In some exchange offices, such commissions do not exist. In order not to become a victim of fraud, it is best to exchange currency at a bank or airport, having carefully read all the conditions and the size of the commission, if any.
Credit cards
Hong Kong has a well-developed network of ATMs that work around the clock. Therefore, you will not have any problems with cashing funds from a bank card. Most stores accept credit card payments. Some hotels also accept checks. There are some advantages for holders of such cards as Visa, MasterCard, American Express. They get the opportunity to withdraw money immediately in local currency and without commission.
