Currency Peg

Got a question about the dollar peg? We have the answers

To peg or not to peg? And to which currency? Photo: AFP

1. What is the Linked Exchange Rate System (LERS)?

Monday, 14 October, 2013, 2:34pm 1 comment

Hong Kong not gaining from peg

Peg is wiping out productivity gains of diligent middle class. Photo: Bloomberg

The Hong Kong dollar is pegged to the US dollar by a currency board. This obsolete arrangement is also used by other economies such as Bermuda, Antigua and Barbuda, and the Cayman Islands.

6 May 2013 - 2:55am

'Made in America' means added pain for Hong Kong

'Made in America' means added pain for Hong Kong

For the past 10 years, Hong Kong's economy has been boosted by twin external superchargers. Now, both are in danger of breaking down.

2 May 2013 - 3:47am 13 comments

Pegging Hong Kong dollar against yuan 'could take years'

The peg to the US dollar has served Hong Kong for nearly 30 years, and replacing it with the yuan "could take many years"

The yuan will eventually be a feasible currency for Hong Kong to peg its dollar against, in place of the US dollar, said John Greenwood, known as the "father of the Hong Kong-dollar peg".

30 Apr 2013 - 4:48am 7 comments