The Hong Kong dollar has been pegged at 7.8 per US dollar since October 1983, with the trading band of 7.75 to 7.85 introduced in 2005. Photo: Jonathan Wong

Hong Kong Monetary Authority steps in to prop up currency as dollar falls to 35-year low

HKMA chief executive Norman Chan says the city’s de facto central bank is fully capable of maintaining the stability of the Hong Kong dollar and there is no need to be concerned 

Topic |   Currencies

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The Hong Kong dollar has been pegged at 7.8 per US dollar since October 1983, with the trading band of 7.75 to 7.85 introduced in 2005. Photo: Jonathan Wong
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