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50 Dollars Bank of China
| Issuer | Bank of China (Hong Kong) Limited |
|---|---|
| Year | 2018-2023 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | The left portion carries a green intaglio vignette of the Bank of China Tower rendered in fine guilloche linework, set against a multicolour underprint of circular guilloche patterns in green and yellow. A large Bauhinia flower sprig occupies the centre-right in vivid green tones. At upper centre, the bank's bilingual name in Chinese characters and roman script appears beneath the circular Bank of China logo, while the left margin bears the denomination in red and green numerals, the promise clause in Chinese and English, and a facsimile signature of the Chief Executive with the issue date. |
|---|---|
| Obverse lettering | Log in to see details |
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| Protection description | Bauhinia flower watermark and electrotype numeral 50; windowed security thread with shifting green optical effect; butterfly-shaped holographic patch at upper right of obverse incorporating the numeral 50. |
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| Comments |
The Bank of China (Hong Kong) Limited is one of three commercial banks licensed to issue banknotes in Hong Kong — an arrangement unique among major financial centers, where note-issuing rights are held concurrently by private institutions rather than a single central authority. All three issuing banks must back their notes dollar-for-dollar with US currency deposited with the Hong Kong Monetary Authority, a requirement in place since the linked exchange rate was fixed at 7.80 HKD per USD in 1983.
Paper substrate here is worth noting — by 2018, most comparable denominations in the region had moved to polymer. Hong Kong's retention of cotton-linen paper for this series was a deliberate conservative choice by the issuing banks.