Money
Cash/Currency - The basic unit of currency in the colony is the Hong Kong
dollar, which is divided into 100 cents. Three local banks, the HongKong and
Shanghai Banking Coropration, Bank of China and the Standard Chartered Bank,
issue versions of their own notes in denominations of HK$10, HK$20, HK$50,
HK$100, HK$500 and HK$1000.
As for coin, they're minted in England in bronze for HK$0.10, HK$0.20, and
HK$0.50 pieces and in silver for HK$1, HK$2, and HK$5. In 1995 new HK$10 coins
were issued; they will gardually replace the HK$10 note.
Throughout Hong Kong you'll see the dollar sign ("$"), which of
course refers to Hong Kong Dollars, not U.S. dollars.
Credit Cards
MasterCard, American Express, Diners Club and Visa are widely accepted.
Check with your credit card company for details of merchant acceptability
and other services which may be available.
Traveler Checks
If you want to pay with cash rather than credit cards, your money is safest
in traveler's checks, which will be replaced if lost or stolen; traveler's
checks can be readily exchanged for Hong Kong dollars at banks, hotels, and
currency-exchange offices (banks provide the most avorable rates).
Traveler's checks also entails a slightly better exchange rate than cash.
For one thing, shops, restaurants, and hotels are not as willing to accept
travel's checks for payment as they are in, say, the United states.
Secondly, you can use leftover travel's checks in Hong Kong dollars much either
be reconverted (which is not financially advantageous, because you lose money
with each conversion) or saved for future trips to Hong Kong.
Tipping
Even though restaurants and bars will automatically add a 10% service charge
to your bill, you're still expected to leave small change for the waiter.
A general rule of thumb is to leave 5%, but in most Chinese restaurants where
meals are usually inexpensive it's acceptable to leave change up to HK$5. In
the finest restaurants you should leave 10%.
You also expected to tip taxi drivers, bellboys, barbers, and beauticians.
For taxi drivers, simply round up your bill to the nearest HK$1 or add a HK$1
tip.
Tip people who cut your hair 5% or 10%, and give billboy HK$10 to HK$20, depending
on the number of your bags.
If you use a public restroom with an attendant, you may be expected to leave
a small gratuity-HK$2 should be enough. In addition, chambermaids and room
attendants are usually given about 2% of the room charge.
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