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The Hong Kong dollar peg: the beautiful self-adjusting mechanism that was
South China Morning Post (subscription) It says that you pick an exchange rate to the US dollar, HK$7.80 in our case, and any time that someone wants Hong Kong dollars at that rate, you take his US dollars, stick them into the safe and print the equivalent of HK dollars for him, straight out … HKMA sells HK$13.64 bln to keep Hong Kong dollar in trading bandReuters HKMA sells HK$13.64bn to keep Hong Kong dollar in trading bandBusiness Recorder (press release) (blog) all 5 news articles |
From:: Hong Kong News By Google News
Zennie Abraham | Zennie Abraham or “Zennie62” is the founder of Zennie62Media which consists of zennie62blog.com and a multimedia blog news aggregator and video network, and 78-blog network, with social media and content development services and consulting. Zennie is a pioneer video blogger, YouTube Partner, social media practitioner, game developer, and pundit. Note: news aggregator content does not reflect the personal views of Mr. Abraham.