CNY Tradition

Chinese New Year is a week away and demand for new banknotes is as usual high. Cities like Singapore Taiwan and Hongkong have the tradition of giving lucky money to the singles in the form of red packets.





In Hongkong 300 to 400 million new and used notes are issued to cater for demand in connection with the Chinese New Year. This translate into 20 containers load.



Polymer banknotes were developed by the Reserve Bank of Australia and first circulated in 1988. Today seven countries, Australia, Bermuda, Brunei, New Zealand, Papua New Guinea, Romania, and Vietnam are now fully using all plastic notes.