Will fake notes in Hong Kong lead to more polymer?
Recently there has been a rise in the amount of fake notes in Hong Kong. Specifically the higher denominations are counterfeited. This article explores the possible consequences for the confidence in the Hong Kong dollar. It also asks the question if a move to more polymer notes could have prevented this influx of fake notes. My guess is: yes!
At this moment Hong Kong only has a 10 dollar note made of polymer. It is still unclear if more denominations will be issued in polymer.
No comments