CONFIDENTIAL
Whether the
Chinese need
- 6 -
Annex I Section VII: Monetary System
CA Branch Liaison Officer: PAS(CA)5
Item &
JD/BL
Action
reference
Officer⭑
to be consulted/ informed and if so, timing
Date for HMG/HKG
to start deliberation
Present Position
d. Consider
*SMA
Consultation
1990
arrangements for
would be
replacement of notes
necessary if any
and coins
change in the
design of notes
and/or coins
(JD 103)
were intended to
make them
acceptable for long term
circulation
post-1997
Replacement of notes and coins would be a matter for the SAR Government. It is a process which will take time. Demonetisation of existing issues before 1997 could well affect confidence in the Hong
Kong dollar.
or any
retentier
* Please mark an '*' against the officer with overall responsibility
CL8
CONFIDENTIAL
10th Edition
(June 1990)
Relevant Considerations
Target Completion Date
Items (a) and (c)
1995