The 1 Mil was the smallest unit in Hong Kong's decimal currency system introduced in 1863, itself a fraction of a cent — ten mils to the cent, one hundred cents to the dollar. In practice, the denomination proved almost immediately impractical for daily commerce, and circulation was so limited that the series was abandoned after just a few years. The British colonial administration never revived it.
The 1 Mil was the smallest unit in Hong Kong's decimal currency system introduced in 1863, itself a fraction of a cent — ten mils to the cent, one hundred cents to the dollar. In practice, the denomination proved almost immediately impractical for daily commerce, and circulation was so limited that the series was abandoned after just a few years. The British colonial administration never revived it.