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  • September 23, 2014
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  1. News - Hong Kong - FESTIVITIES

    Hongkongers start buying new banknotes – but no HK$1,000 bills please

    Posted Jan 21st 2014, 12:45pm

    ... Lo Wei wei.lo@scmp.com Residents preparing for Lunar New Year lai see shun big bills after discovery of fake notes Many people are giving HK$1,000 banknotes a wide berth this year ... for the purchase of fresh banknotes released by the three money-issuing banks ahead of the Lunar New Year, which begins on January 30. Some of those standing in line expressed worries about a recent ...

  2. Comment - Insight & Opinion

    Time Hong Kong considered issuing more polymer banknotes to stop fakes

    Posted Jan 01st 2014, 02:49am by SCMP Editorial

    ... have put out an alert after dozens of fake HK$1,000 banknotes were detected in Hong Kong and Macau. Unsurprisingly, trust has been eroded and there is a reluctance to handle or receive ... HK$10 notes since 2007. At the time of their introduction, the Monetary Authority said it would conduct a two-year study into the viability of extending the change to other banknotes ...

  3. News - Hong Kong - BANKING AND FINANCE

    Recall of tainted HK$1,000 banknotes 'prudent' after more fakes surface: banker

    Posted Jan 09th 2014, 01:28pm by DANNY LEE

    ... if 'technically possible' A senior Hang Seng Bank executive said a recall of tainted 2003 series HK$1,000 banknotes is “good” and “prudent” as a fresh discovery of fraudulent dollar bills surfaced. ... measures. He did not think quality of the spate of fake notes was “that great”. Asked if he supported the recall of 2003 series HK$1,000 banknotes, the Hang Seng bank executive said: “It’s a prudent ...

  4. News - Hong Kong - CRIME

    More fake HK$1,000 banknotes found

    Posted Dec 29th 2013, 05:11am by DANNY LEE

    ... banknotes found Efforts by monetary chiefs to calm fears over counterfeit currency have done little to ease concerns, as more fake HK$1,000 notes were discovered yesterday. Police in the Macau said that a further 22 fake HK$1,000 banknotes had been found in banks and casinos- 18 of them from the Bank of China (BOC), and four of them from HSBC. While Hong Kong police said that another 10 counterfeit ...

  5. News - Hong Kong - CRIME

    Hong Kong police and monetary authority issue warning against counterfeit HK$1,000 banknote

    Posted Dec 26th 2013, 10:44am by Staff Reporter

    ... the machines to ensure they can effectively detect counterfeit notes. Customers who want to deposit these banknotes are asked to do so at counter services at branches in person. Police appeals to the public that they should immediately hand it any suspected counterfeit banknotes to police or banks upon receipt and should not try to reuse them. Members of the public may dial the police hotline ...

  6. Business - Comment - WHITE COLLAR

    Green approach to lai see only halfway there

    Posted Jan 28th 2014, 12:47am by Enoch Yiu

    ... Enoch Yiu Reduced demand for new banknotes is not matched by more recycling of those red packets Green lai see trend only halfway there With the Lunar New Year approaching on Friday, ... passed through a number of bank branches in the past few days and found many customers in long queues for newly printed banknotes to be used for their lai see money, traditionally given ...

  7. Business - Banking & Finance

    First Australian banknote to fetch US$3.6 million

    Posted May 01st 2013, 11:00am by AFP

    ... Agence France-Presse in Sydney Australia’s first banknote, printed 100 years ago and found in a letter in England in 1999, has gone on sale for A$3.5 million (US$3.6 million), auctioneers ... expectation was that it would sell for at least A$3.5 million (HK$28.1 million) which would be the highest price paid for an Australian coin or banknote. “It would be by far the highest price paid,” ...

  8. News - World - UNITED STATES

    Treasury Secretary updates signature on US banknotes

    Posted Jun 20th 2013, 12:00am by WASHINGTON POST

    ... an absent-minded doodle than a signature that should grace US banknotes. This week that all changed. The Treasury unveiled Lew's "official" signature, which will be on the US$5 bill ...

  9. Business - Money - COLLECTING

    Collecting old notes and coins

    Posted Feb 04th 2013, 12:00am by TIFFANY AP

    ... voice carries that sing-song quality that all auctioneers seem to have been trained to possess but it's one in the afternoon, four hours into a rare banknotes auction and it's starting ... of banknotes, coins, and certificates. Brought to Hong Kong by Robert Schwartz of Archives International Auctions with local auction house Dynasty, it is the result of over 40 years of collecting ...




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