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Hi everyone,
I just came to Hong Kong for a longer period of time and I have a trouble exchanging some of the USD I brought. This first happened at the DHQ, when I was asked to exchange one bill for a newer one. Today I tried to exchange some USD for HKD in exchange office near Western Market but they also refused to exchange the pre-2013 bills. The pre-2013 bills are the ones without blue band and goldish-brownish emblem near the blue band on the front of the bill. Do you have some idea where can I exchange them? Will banks accept them to deposit them at an USD account? I am thinking about opening an HKD and USD account at HSBC when I get my HKID.
Best,
Oskar
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02-09-2022, 11:23 PM #1
Exchange old USD notes
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02-09-2022, 11:49 PM #2
Yes I believe banks will take them. They'll have a big book of prior versions of foreign currencies, but it shouldn't even be needed.
Greenbacks rule!
Local money changers around Sheung Wan are not there to change paper money, though they obviously do it to legitimise their business and to stay afloat (in these mainlander-less days).
Their main calling is helping mainlanders get around China's capital controls:
Deposit 5m RMB into this bank account in China and we'll give you the equivalent of RMB 4.9m in HKD here....
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03-09-2022, 12:11 AM #3
Ok! Thank you very much. I will try my luck somewhere elsewhere or at a bank later.
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03-09-2022, 12:49 AM #4
I honestly don't know and I assume that as an expat they wouldn't entertain my questions on the matter, but maybe I could say my wife's mother is trying to shift some loot out....??Original Post Deleted
Normally for large sums spreads are low and there's a handful of those 'shops' so I assume they're competative...
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03-09-2022, 02:04 AM #5
USD notes remain legal tender, regardless of when they were issued.
Banks and Money Exchangers should be able to exchange
https://www.federalreserve.gov/faqs/currency_12768.htm
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03-09-2022, 05:09 AM #6
Any bank where you have an account will take these notes. Have recently (2 weeks ago) deposited old gbp, sgd and usd notes at hsbc..
Every bank that accepts overseas currency will have a list of acceptable notes. The HSBC MAIN branch in Central (and may be others) have cash counting machines that recognize and process the notes efficiently.
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05-09-2022, 05:57 PM #7
Yay! I finally stumbled upon a thread! Have a few old notes that I dunno what to do with! Hopefully they will take my old British pounds too. My late father liked to stuff old notes at home!
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05-09-2022, 07:43 PM #8
£20 & £50 paper notes will cease to be legal tender after 30th Sept 2022. After this date, you can only exchange from The Old Lady.
https://www.bankofengland.co.uk/banknotes/20-pound-note
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Originally Posted by Oskar R:
