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Currency
Hong Kong dollar banknotes come in denominations of 10, 20, 50, 100, 500, and 1,000. Silver coins come in $1, $2, and $5 values, bronze coins in 10, 20, and 50 cents, and the $10 coin is nickel and bronze.
 
True to its laissez-faire reputation, Hong Kong has no central bank, so the printing of bank notes is the business of the three largest banks, under the regulation of the government's financial department. That is why you will see three different versions of each denomination, although the colors are similar and the sizes are the same.
 
Most foreign currencies and travelers' checks can easily be changed in Hong Kong banks, hotels or moneychangers. Credit cards are widely accepted. It is unnecessary to carry a lot of cash, since travelers' checks are accepted in most shops (subject to its own exchange rate) and automatic teller machines are everywhere in the urban areas.
 
Since 1983, the value of the Hong Kong dollar has been pegged to the US dollar at a rate of US$1=HK$7.8, with very little fluctuation.
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