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500 Dollars HSBC
| Issuer | The Hongkong and Shanghai Banking Corporation |
|---|---|
| Year | 1987-1992 |
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| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | 158 × 79 mm |
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|---|---|
| Obverse lettering | 500 香港上海匯豐銀行 500 The Hongkong and Shanghai Banking Corporation Promises to pay the bearer on demand at its Office here FIVE HUNDRED DOLLARS HONGKONG 1st JANUARY 1987 By order of the Board of Directors GENERAL MANAGER THOMAS DE LA RUE AND COMPANY LIMITED |
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| Reverse lettering | 500 伍佰 伍佰 500 500 The Hongkong and Shanghai Banking Corporation 500 |
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| Comments |
The Hongkong and Shanghai Banking Corporation was one of three note-issuing banks in Hong Kong during this period, a status rooted in the colonial banking framework that predated the establishment of any central bank in the territory. HSBC's right to issue currency was — and remains — a commercial privilege, not a sovereign one, requiring the bank to hold US dollar reserves backing every note issued.
Thomas De La Rue printed this series through the handover run-up, making the 1992 cut-off date significant: production timelines were already being renegotiated with an eye toward 1997.