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Hong Kong currency is called the Hong Kong dollar, which is coded as HKD. The currency of the Hong Kong Special Administrative Region of the People's Republic of China, is also known with the dollar sign $ or HK$ that had its existence way back in 1937. One would notice that Hong Kong dollar is usually accepted in the southern region of the Chinese territory. Hong Kong has the full freedom of issuing currencies as per the Basic Law of Hong Kong and the Sino-British Joint Declaration. Government and three local banks administer the monetary exchange and its issuing policies mainly through the direction of the territory's de facto central bank that is the Hong Kong Monetary Authority. Hong Kong Note Printing Limited is mainly responsible for printing of Hong Kong Currency notes. The one-dollar note released during the year 1935 as per the One-Dollar Currency Note Ordinance, Hong Kong Dollar gained its acceptance as being the main monetary exchange of the region. The history of local coinage is as old as about hundred and thirty years. One gets to see and use different shapes of Hong Kong Currency starting from denominations of ten, twenty and fifty cents along with one, two and five dollars. Primitively it was the paper money that was locally circulated for any kind of monetary exchange but after laying the foundation of the Oriental Bank within the region, it started to produce its own currency. The three authorized local banks, that issued legal currencies were The Chartered Bank of China and The Hong Kong and Shanghai Banking Corporation. So the next time you visit Hong Kong, you know which currency to look out for before opting for an exchange with your country's money.
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