Thursday, January 19, 2012

For the sake of the environment, please consider not using NEW note for your red pockets

Do you know how much HK dollar notes are issued for Chinese New Year?

Every year in Hong Kong, 300 to 400 million new and used notes are issued to cater for demand in connection with the Chinese New Year.  Three hundred million notes occupy  about 500 cubic metres of storage space and could fill 20 twenty-foot containers.  The three note-issuing banks need to arrange 500 trips with security escort to transport these brand-new notes.  And it takes 400 tonnes of cotton to produce 300 million banknotes.

The efforts and the resources that are required to generate the note contribute much green house gas. 

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