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Barely two weeks after the new Randela banknotes started circulating, counterfeit notes have made their appearance, the New Age reported on Tuesday. Some people who are not familiar with the security features of the new banknotes and sections of the
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Hong Kong's de facto central bank on Tuesday intervened in the currency market for the fifth time in two weeks as the local dollar hit its upper trading limit against the greenback. HK$2.71 billion (US$350 million) in the forex markets after the US
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Hong Kong The Hong Kong Monetary Authority has sold $603 million worth of Hong Kong dollars in the foreign exchange market in an effort to curb the currency's rise, a report said. The move on Saturday came as the US dollar hit HK$7.75, the lower
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When Scott Schmith finally got his Swiss passport last month, it was time for him to take a drastic step: hand back his American one. Among the reasons was a pending U.S. regulation aimed at tracking down tax cheats that is making life difficult for
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The Hong Kong Monetary Authority said Monday the city's foreign assets of the exchange fund shrank by HK$5.5 billion ($710 million) in April. The Monetary Base, comprising certificates of indebtedness, government issued currency notes and coins in
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Hong Kong's foreign assets of the exchange fund in March increased HK$5.0 billion ($644 million) to HK$2,245.1 billion, the Hong Kong Monetary Authority said here Friday. The Monetary Base, comprising Certificates of Indebtedness, Government issued
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announced on Wednesday New Hong Kong dollar 20 and 100 banknotes will go into circulation on Jan 11. This is primarily to meet demand for the notes to be used for "gift money" before the Chinese New Year, which is due Jan 23. The new banknote will be
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Hong Kong's Exchange Fund foreign assets shrunk by HK$100 million ($12.85 million) to HK$2.1699 trillion in November, the Monetary Authority said Wednesday. The Monetary Base, comprising Certificates of Indebtedness, government issued currency notes
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BBC News People waiting for money outside a bank in Tripoli The RAF has delivered £140m worth of Libyan banknotes back to the country after the downfall of Colonel Muammar Gaddafi...It is perhaps unsurprising that De La Rue, the British firm which
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Chinese city accounting for around 65 percent of those in circulation, according to the Hong Kong unit of the giant British banking group...She added the bank would fix the problem as soon as possible but did not say how many flawed notes had been
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