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Hong Kong Monetary Authority

Incompetent

PUBLISHED : Monday, 16 March, 1998, 12:00am
UPDATED : Monday, 16 March, 1998, 12:00am

The letter from the Hong Kong Monetary Authority (South China Morning Post, March 7) gives a less than satisfactory explanation of the coin shortage. I could understand a three-month shortage of coins following the handover, but a nine or more month shortage represents gross mis-management by the Monetary Authority. Can't it just order yet more coins? My daily bus fare has just gone up to $7.50. It is occasionally possible to get a bag of $5 coins at a bank, but $2 and 50 cents are now impossible.


This crisis needs solving faster as we are all wasting time chasing coins.


On many occasions I and my family members have to pay too much on the bus due to lack of the right coins. The bus companies must be delighted.


Perhaps they are the ones hoarding the small coins in order to force us to pay more.


E F CHASE Pokfulam