The Hong Kong dollar was first introduced in 1895 by the British. At this time, the Hong Kong dollar was equal to the Mexican Trade Dollar (which up until 1895 had been the principal medium of exchange). When Japan occupied Hong Kong during WWII, the Hong Kong dollar was withdrawn from circulation and Japanese Yen were declared the only legal currency. Although the Hong Kong dollar was no longer valuable, residents stashed their now worthless money. After the war was over, people began to exchange left over Japanese Yen for Hong Kong dollars at a rate of 100 Yen=1 Dollar. Soon after, Hong Kong resumed using the dollar and still use it today. Currently issued banknotes come in the following denominations: 20, 50, 100, 500, and 1000 dollars. Currently issued coins are in the denomiations of 10, 20, 50 cents, $1, $2, $5 and $10.

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Source: www.worldpapermoney.org


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