Central Banking

HKMA misses design fault on new banknote


The Hong Kong Monetary Authority (HKMA) on Sunday apologised for its failure to detect a design flaw in one of its banknotes after designs of the new 2010 series were unveiled to the public.

The HK$100 ($12.83) denomination note designed by HSBC bank, one of three note-issuing banks that participated in the design of the new series, is said to depict petals of the Bauhinia flower – the city's emblem – pointing in the wrong direction.

The HKMA, HSBC and the administration wing of the government w

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