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The peg of Hong Kong dollar to the U.S. dollar in 1983 actually took place in the context of Sino-British negotiation regarding the future of Hong Kong after 1997. Due to the lack of public confidence in the talks, on 24 September 1983, the Hong Kong dollar was devalued by 15% over 2 days to a historical low at HK$9.6 to US$1.
The issue of banknotes of the Hong Kong dollar is governed in the Special Administrative Region of Hong Kong by the Hong Kong Monetary Authority (HKMA), the governmental currency board and central bank of Hong Kong. Under licence from the HKMA, three commercial banks issue their own banknotes for general circulation in the region. Notes are ...
Hawaiian dollar – Hawaii; Hong Kong dollar – Hong Kong; International dollar – hypothetical currency pegged 1:1 to the United States dollar; Jamaican dollar – Jamaica; Kiautschou dollar – Qingdao; Kiribati dollar – Kiribati; Liberian dollar – Liberia; Malaya and British Borneo dollar – Malaya, Singapore, Sarawak, British North ...
Find answers to the latest online sudoku and crossword puzzles that were published in USA TODAY Network's local newspapers. Puzzle solutions for Wednesday, Aug. 14, 2024 Skip to main content
Hong Kong two-dollar coin; HSBC (Hong Kong) J. Japanese military currency (1937–1945) N. Hong Kong Note Printing; P. Postal orders of Hong Kong; S. Standard ...
Immediately after the handover, Hong Kong was severely affected by several crises. The Hong Kong government was forced to use substantial foreign exchange reserves to maintain the Hong Kong dollar's currency peg during the 1997 Asian financial crisis, [61] and the recovery from this was muted by an H5N1 avian-flu outbreak [73] and a housing ...
The economy of Hong Kong is a highly developed free-market economy. It is characterised by low taxation, almost free port trade and a well-established international financial market. [15] [16] Its currency, called the Hong Kong dollar, is legally issued by three major international commercial banks, [17] and is pegged to the US dollar.
Present currency ISO 4217 code Country or dependency (administrating country) Currency sign Fractional unit Russian Ruble [1] ... Hong Kong dollar [25] HKD