Bad Bucks

The Hong Kong economy, already buffeted by high unemployment, flagging retail sales and chronic deflation, is suffering another blow: an influx of money too ugly to spend. The territory's monetary authority last month released into circulation a revamped $10 bill that, instead of inspiring confidence in the territory's financial underpinnings, reminds people of a discount coupon for laundry detergent. "It looks juvenile," says local merchant Jeremy Chia of the garish pink and purple banknote. Part of the problem is the inclusion of numerous anti-counterfeiting features, including embossed text and a watermarked bauhinia flower. "The abundance of security features may not be...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!