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
No comments yet.
Private notes are available after approval.