Use good-as-new notes for lai-see: HKMA

Banks will start exchanging new notes on January 30.

The Hong Kong Monetary Authority is encouraging the public to continue supporting the use of good-as-new notes, instead of brand-new ones, for lai-see in celebration of Chinese New Year.

“Good-as-new notes are perfectly suitable for use as lai-see, given that Hong Kong's currency notes are maintained at a high standard of cleanliness,” explained the agency.

Here’s more from HKMA:

The HKMA has been promoting the use of good-as-new notes for lai-see since 2006 to help protect the environment.

Thanks to the support of the public and the note-issuing banks, the share of good-as-new notes issued in the run-up to each Chinese New Year has increased from 20% in 2006 to around 45% in recent years.

The three note-issuing banks will start exchanging new notes on 30 January. As in previous years, they will provide sufficient new and good-as-new notes to meet demand for notes.