The new series of $100 and $500 banknotes will be put into circulation and available for exchange in all branches of the three note-issuing banks from December 15.

New notes for the remaining three denominations - $20, $50 and $1,000 - will go into circulation in the second half of next year. All existing banknotes will continue to circulate as legal tender.

Leaflets explaining and illustrating the security features of the new banknotes are available at branches of the three note-issuing banks and the Monetary Authority.