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The problem is that the bauhinia flower on the regional flag is reversed from the correct orientation shown here:"HSBC has immediately proceeded to redesign and reprint the faulty banknotes, with a view to putting them into circulation early next year as scheduled," the bank said in a joint statement with the Hong Kong Monetary Authority (HKMA) and the government's administration wing.
HSBC was responsible for the design of the notes, while the HKMA reviewed the design before revealing it to the public.
Although legal tender, the notes aren’t intended for circulation. Tags: Hong Kong According to a South China Morning Post article dated , Hong Kong will incorporate new security features in newly designed banknotes to be introduced in the next two to three years.
Finally, 40,000 uncut sheets of 30 notes each offered for HK,888 each. Sets may be ordered by anyone aged 18 or above with a valid Hong Kong Identity Card or passport (Hong Kong SAR or another country's) number, and a valid Hong Kong correspondence address and phone number.” The Hong Kong 2010 Series New Banknotes were designed by the respective note-issuing banks and approved by the Financial Secretary.They are printed by Hong Kong Note Printing Limited.For aesthetic presentation of the subject and easy distinction from previous series, the reverse side of the banknote is in vertical orientation instead of the traditional horizontal layout.
The designs of all five denominations were unveiled today.
1,100,000 notes will be sold as numismatic products packaged in a folder for HK0.