Of the 2.36 billion banknotes in circulation in Hong Kong worth a combined HK$503.9 billion, the HK$20 notes represent the highest share at 35.7 per cent, while the HK$50 dollar notes represent ...

This was down from 6.5 per US dollar at the start of the year, under the floating exchange rate system. Shops began to quote prices in US dollars and refused to accept Hong Kong dollar notes.