Sunday, October 17, 2010

Hong Kong Note

Going to Hong Kong tomorrow, and just got to know that Hong Kong notes are printed by different banks. Alvin told me their notes are very funny, and I was wondering why it is so. I then guessed that it might be because they don't have a central bank as they are part of China, yet they have their own currencies so the merchant banks get the chances to print the notes.

I then googled about it. They do have their central bank but the central bank sold 10% share to HSBC, Standard Chartered and Bank of China to have the authority to print notes.

I really like the chinese saying that journeying thousand miles is much better than reading thousand rolls.

No comments: