<\/span><\/h2>\nA few days ago, we have celebrated the Lunar New Year, one of the biggest festivals and holidays in many Asian countries. The way people celebrate Lunar New Year has changed bit by bit over time, but the core value of this event stays the same. It is the time for families to gather, share good foods and wish everyone a happy new year. Among multiple traditions, exchanging New Year Money is observed to have been remained in most places that have this holiday. <\/span><\/p>\nAlthough the method of giving New Year Money (or Lucky Money) may vary slightly in each country, the common practice is that adults giving money to children or elderly while wishing them well. In China, during the Lunar New Year, New Year Money called \u201cHongbao\u201d which means a red envelope, as red symbolizes good luck and protection against bad luck, and notes are literally put in red envelopes. In Malaysia, where a quarter of the population is of Chinese descent, the red envelopes are called \u201cAng pows,\u201d and they are often given with mandarin oranges. In Vietnam, the Lucky Money is called \u201cLi xi\u201c or \u201cTien mung tuoi,\u201d which literally means \u201cmoney to celebrate a new age\u201d. In Korea, after children giving new year\u2019s bow to the elders, they will receive New Year Money known as \u201csebaetdon,\u201d which are traditionally put inside the \u201cluck pouches\u201d. <\/span><\/p>\nRecently, due to the development of mobile money or account transfers, there are increasing cases where New Year Money is not necessarily given in banknotes. The number of mobile Hongbao users in China are increasing every year. Similarly, in Korea, nowadays New Year Money is often delivered through bank transfers rather than in banknotes. However, many people still believe that New Year Money must be new banknotes to convey good energy of a new year, a fresh start. This belief results in a significant number of banknotes are used during the Lunar New Year. As a result, despite the rising of digital banking, banknotes receive more attention during this time of the year and there is an interesting fact about banknotes: While paper-based materials have been the most widely used types of note, many countries have switched to polymer banknotes<\/strong>. <\/span><\/p>\n![\"\"](\"https:\/\/askinno.com\/global\/wp-content\/uploads\/sites\/2\/2024\/02\/1\ubc88.png\")
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\u25b2 The ten-Hong Kong dollar-banknotes<\/span><\/p>\n
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