Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which when offered ("tendered") in payment of a debt extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt.
The Hong Kong dollar is the official currency of the Hong Kong Special Administrative Region. It is subdivided into 100 cents or 1000 mils. The Hong Kong Monetary Authority is the monetary authority of Hong Kong and the Hong Kong dollar.
The Malaysian ringgit is the currency of Malaysia. It is divided into 100 sen. The ringgit is issued by the Central Bank of Malaysia.
The Singapore dollar is the official currency of the Republic of Singapore. It is divided into 100 cents. It is normally abbreviated with the dollar sign $, or S$ to distinguish it from other dollar-denominated currencies. The Monetary Authority of Singapore (MAS) issues the banknotes and coins of the Singapore dollar.
The Hong Kong Monetary Authority (HKMA) is Hong Kong's central banking institution. It is a government authority founded on 1 April 1993 when the Office of the Exchange Fund and the Office of the Commissioner of Banking merged. The organisation reports directly to the Financial Secretary.
The Macanese pataca or Macau pataca is the currency of the Macao Special Administrative Region of the People's Republic of China. It is subdivided into 100 avos, with 10 avos called ho (毫) in Cantonese.
The Sri Lankan Rupee is the currency of Sri Lanka. It is subdivided into 100 cents (සත), but cents are rarely seen in circulation due to its low value. It is issued by the Central Bank of Sri Lanka. The abbreviation Re (singular) and Rs (plural) is generally used, the World Bank suggests SL Rs as a fully disambiguating abbreviation for distinction from other currencies named "rupee".
The Bermudian dollar is the official currency of the British Overseas Territory of Bermuda. It is subdivided into 100 cents. The Bermudian dollar is not normally traded outside Bermuda, and is pegged to the United States dollar at a one-to-one ratio. Both currencies circulate in Bermuda on an equal basis.
The Trinidad and Tobago dollar is the currency of Trinidad and Tobago. It is normally abbreviated with the dollar sign $, or alternatively TT$ to distinguish it from other dollar-denominated currencies. It is subdivided into 100 cents. Cents are abbreviated with the cent sign ¢, or TT¢ to distinguish from other currencies that use cents. Its predecessor currencies are the Trinidadian dollar and the Tobagonian dollar.
The Hong Kong coinage, including 10¢, 20¢, 50¢, $1, $2, $5 & $10, is issued by Hong Kong Monetary Authority on behalf of the Government of Hong Kong. From 1863 until 1992, these coins were embossed with the reigning British monarch's effigy. Since 1 January 1993, a new series depicting the bauhinia flower was gradually issued, including a new denomination of $10. Since the beginning of the coin replacement programme on 1 January 1993, over 585 million coins featuring Queen Elizabeth II have been withdrawn from circulation. However, these coins remain legal tender. The total value of coins in circulation in Hong Kong can be found in Monthly Statistical Bulletin and the Annual Report.
A linked exchange rate system is a type of exchange rate regime that pegs the exchange rate of one currency to another. It is the exchange rate system implemented in Hong Kong to stabilise the exchange rate between the Hong Kong dollar (HKD) and the United States dollar (USD). The Macao pataca (MOP) is similarly linked to the Hong Kong dollar.
The Tuvaluan dollar is one of the currencies of Tuvalu, whose unofficial international currency code is TVD. Tuvalu has never had banknotes of its own, and has been issuing coins since 1976. However, the Tuvaluan dollar is used as a unit of account, and is pegged to the Australian dollar at parity. From 1966 to 1976, Tuvalu officially used the Australian dollar. In 1976, Tuvalu began issuing its own coins, which continue to circulate alongside Australian coins. Tuvalu continues to use Australian banknotes. Tuvaluan coins are not legal tender in Australia. Similar to the Faroese króna's relationship to the Danish krone and the Panamanian balboa's relationship to the United States dollar, the Tuvaluan dollar is not an independent currency, but a variation of the Australian dollar.
The Cook Islands dollar was the former currency of the Cook Islands, which now uses the New Zealand dollar, although some physical cash issued for the Cook Islands dollar remains in use. The dollar was subdivided into 100 cents, with some older 50-cent coins carrying the denomination as "50 tene".
The Straits dollar was the currency of the Straits Settlements from 1898 until 1939. At the same time, it was also used in the Federated Malay States, the Unfederated Malay States, Kingdom of Sarawak, Brunei, and British North Borneo.
The daler was the currency of the Danish West Indies between 1849 and 1917, and of the United States Virgin Islands between 1917 and 1934.
Standard Chartered Hong Kong is a licensed bank incorporated in Hong Kong and a subsidiary of Standard Chartered. It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar.
The ten-dollar note was first produced in 1868 by The Hongkong and Shanghai Banking Corporation with the formal adoption of a currency system just for Hong Kong. There had been a variety of the green coloured ten-dollar notes issued by several banks concurrently. These were all phased out with the introduction of the ten dollar coin in 1994.
The five-dollar note was first issued in 1858 by the Mercantile Bank, 1865 by the Standard Chartered Bank, 1866 by the Oriental Bank Corporation, 1897 by The Hongkong and Shanghai Banking Corporation, and 1894 by the National Bank of China. There was a continuous issue until the Second World War in different colours and dimensions, and this issue was resumed after the war in 1946, by the HSBC and Standard Chartered banks. The various banks' designs were somewhat standardised in 1970 when the Chartered Bank changed the issue from green to brown, as this was the colour of the HSBC issue. The Standard Charted Bank issued two colours from 1967 to 1970, a yellow and green note. These are described as being a yellow and green key in reference to the image of two keys on either side of the banknote. This denomination was replaced by a coin in 1976.
The Hong Kong one hundred and fifty dollar note is a commemorative banknote issued by the Standard Chartered Bank on 1 October 2009 and HSBC on 2015 to commemorate on the 150th Anniversary of the Standard Chartered Hong Kong branch and HSBC respectively. It is the world's first 150 base unit denomination banknote. Approximately 1 million notes were issued by Standard Charter and 2 million by HSBC. Owing to its rarity and expected higher re-sale value, the notes are unlikely to enter circulation, though they are still considered legal tender.
The paper money of the Qing dynasty was periodically used alongside a bimetallic coinage system of copper-alloy cash coins and silver sycees; paper money was used during different periods of Chinese history under the Qing dynasty, having acquired experiences from the prior Song, Jin, Yuan, and Ming dynasties which adopted paper money but where uncontrolled printing led to hyperinflation. During the youngest days of the Qing dynasty paper money was used but this was quickly abolished as the government sought not to repeat history for a fourth time; however, under the reign of the Xianfeng Emperor, due to several large wars and rebellions, the Qing government was forced to issue paper money again.
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