Like a handful of other countries, Hong Kong’s official currency is the dollar. 1 HK dollar is divided into 100 cents and uses the currency code ‘HKD’. Under licence from the Hong Kong Monetary Authority, three banks are licensed to issue banknotes within Hong Kong. These three institutions are able to issue banknotes for denominations of 20, 50, 100, 500 & 1,000 dollars; while 10 dollar banknotes, as well as all coins are issued only by the government of Hong Kong. In 2016 the Hong Kong dollar was the thirteenth most-traded currency in the world. Outside of Hong Kong, The HK dollar is also widely-used in Macau, alongside the Macau pataca.