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  • November 24, 2014
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  1. HKMA spends HK$3.28b on US dollars

    Posted Jan 07th 2004, 12:00am by Staff Reporter

    ... Anette Jonsson The Hong Kong dollar was steady after the Hong Kong Monetary Authority bought HK$3.28 billion worth of US dollars in the first series of interventions of the New Year. ... the note-issuing banks are buying US dollars to back the amount of new Hong Kong dollar notes that are being printed. The HKMA spent HK$505 million on US dollar buying in New York on Monday and a further ...

  2. Rising US dollar sees HK rise up list of costly cities for expatriates

    Posted Dec 05th 2008, 12:00am by Dennis Eng

    ... Dennis Eng Hong Kong has leapt up the rankings of the world's most expensive cities for expatriates to live in. This has been caused by strengthening of the US dollar resulting from ... the rebound of the US dollar for raising costs for expatriates in cities where the currency was tied to the greenback. 'Earlier this year, we reported falling costs of living in Hong Kong ...

  3. A curious fixation on the US dollar

    Posted Aug 05th 2004, 12:00am by Tony Latter

    ... Tang was celebrating a fortnight ago, have to be denominated in US dollars? It appears that the government could at that moment have borrowed, for the same 10-year term some 0.5 per cent per ... which the authority manages- by borrowing Hong Kong dollars quite aggressively, in order to keep US dollar investments intact or even add to them. This is equivalent to a firm indictment against ...

  4. Despite US downgrade, dollar peg is still best option for HK

    Posted Aug 09th 2011, 12:00am

    ... Tom Holland The downgrade last week of the United States' credit rating has prompted a whole new round of questions about the future of Hong Kong's currency peg to the US dollar. 'How about dropping the peg to the US dollar completely and pegging the Hong Kong dollar to the yuan at the current exchange rate of about HK$1.2 to the yuan?' asks one reader. Other ...

  5. Losing value

    Posted Jan 13th 2007, 12:00am by Staff Reporter

    ... With the yuan surpassing the Hong Kong dollar in value, our currency is fast losing its popularity in the Pearl River Delta and is no longer accepted by some mainlanders. Is it time to unshackle it from the US dollar? Write to us ...

  6. Greenback woes

    Posted Mar 20th 2008, 12:00am by Staff Reporter

    ... Premier Wen Jiabao has expressed his concerns about the falling US dollar. What do you think will be the long-term effects, if any, for the mainland and Hong Kong from America's economic crisis? Write to us. ...

  7. Dollar peg fits nicely with Hong Kong's way of life

    Posted Jun 14th 2012, 12:00am

    ... is a hot topic again after Hong Kong's former central banker, Joseph Yam Chi-kwong, urged the city to review its peg to the US dollar and consider linking to the yuan or a basket ... behind the Hong Kong government, which was firm its assurance that the Hong Kong-US dollar peg would remain unchanged. Chief executive-elect Leung Chun-ying was quick to describe the paper ...

  8. Keep HK dollar pegged; if it's not broken, don't fix it

    Posted Jun 12th 2007, 12:00am by Jake Van Der Kamp

    ... dollar to the yuan is pointless without convertibility as full as the US dollar offers, why is it necessarily better for us to have the Hong Kong dollar linked to the yuan than to the US dollar ... of our trade with the mainland and almost all of our trade services and international investment activities are denominated in US dollars. This is not just a booking convenience. It is a fact ...

  9. The rise and fall of currencies

    Posted Jan 14th 2008, 12:00am by Sophie Paine

    ... of link between two currencies is the system adopted in Hong Kong in 1983: the Hong Kong dollar is 'pegged' to the US dollar, within a 'band' (lower limit and upper limit). Banks issuing Hong Kong dollars must have the amount of US dollar to issue Hong Kong dollars. And as the US dollar has lost value against the euro, and the Hong Kong dollar is pegged to the US ...

  10. On the Money

    Posted Jun 14th 2012, 12:00am

    ... dollar is unpegged from the US dollar, it might negatively affect trade with the US. On the other hand, inflation in Hong Kong might decrease, and goods will be cheaper. But lower inflation will weaken employment. It's not so simple, and we need to weigh the pros and cons. Jenny Lam, marketing executive The US dollar seems to depreciate further, and this will continue to negatively ...




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