No note solution to fake coins in Hong Kong
HONG KONG - The Hong Kong Monetary Authority appears reluctant to re-introduce the printing of HK$10 notes, despite a surge in counterfeit HK$10 coins last year.
Officers seized 460,835 fake HK$10 coins in 2001 - nearly four times the 115,292 found in 2000, but the authority considered the number to be small.
In 1999, a total of 168,612 fake HK$10 coins were confiscated, 60 per cent more than in 1998.
The authority's non-committal response came after the HSBC's general manager Raymond Or said
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com