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Since 1983, Hong Kong authorities have pegged the value of the city’s currency to that of the US dollar at an exchange rate of roughly 7.8 to 1. We explain the reasoning for the peg.
Why Hong Kong pegs its currency to the US dollar
The Hong Kong peg is strong and we’ll. Countless claim to know, including George Soros and Bill Ackmam have been wrong about the peg. The Hong Kong dollar is stronger than ever. Hong Kong now has the backing of the new world reserve currency. Hong Kong is pegged to a losing currency, the USD. Why would anyone place any bet against the Hong Kong dollar?
Wouldn’t invest near these years. The exchange rate is set and doesn’t change much
「とても良くて面白いビデオは素晴らしいエンターテインメントの感覚をもたらします！」、
Nice video
why HKD peg to USD instead RMD. china keep claiming they are the strongest country in the universe. it just shows that china is a paper
tiger
Peg go bye bye real soon
Can’t hear well. The loud music background
What will happen to the peg if capital leaves Hong Hong in response to China’s “Hong Kong security law”…? What will happen to the peg if large numbers of “the best and brightest” of the Hong Kong residents decide to leave in the wake of the new law?
The background music is too loud