What currency is Hong Kong’s official money and is issued by three commercial banks?

Hong Kong’s official currency, issued by three commercial banks, is the Hong Kong dollar.

The Hong Kong dollar was introduced in 1863. Unlike most currencies, its banknotes are issued by commercial banks under authorization and regulation from the Hong Kong Monetary Authority. The three note-issuing banks are HSBC, Standard Chartered Hong Kong, and the Bank of China Hong Kong.

The currency operates under a linked exchange-rate system established in 1983. The Hong Kong dollar is maintained within a defined range against the United States dollar, with the monetary authority supporting the system through its currency board arrangements. Its ISO 4217 code is HKD.

Hong Kong dollar notes from different issuers have different designs, but they share denominations and security features. Coins are issued by the Hong Kong government. The currency should not be confused with China’s renminbi, which is the official currency of mainland China.