Hong Kong Launched World's First $150 Banknotes

[Tom Chao]

A bank Wednesday marked its 150th anniversary in Hong Kong by
launching what it claimed to be the world's first 150-dollar bank
notes.

Standard Chartered Plc, one of three note-issuing banks in the wealthy
city of seven million, has printed 1 million of the 150-Hong-Kong-
dollar notes, worth $19.35 each.

It invited people to apply for the new notes from Wednesday, offering
them as collectors items with prices of 280 Hong Kong dollars each and
up.

Some notes bearing what are considered lucky serial numbers, such as
888888, are to be auctioned in October with a minimum bid of 3,000
Hong Kong dollars per note.

Money from the sale of the notes is to go to local charities in what
Standard Chartered has described as a "creative tribute" to the people
of Hong Kong.

Standard Chartered began operations in Hong Kong in 1859, six years
after it was founded, and is the oldest of the three note-issuing
banks in the city. The other two are HSBC Holdings Plc and the Bank of
China Ltd.

See picture of the new note at
http://nutmegcollector.blogspot.com/2009_09_01_archive.html