Hong Kong dollars are exchanged for US dollars at a currency exchange in Wan Chai in March 2018. Photo: Jonathan Wong
Hong Kong dollars are exchanged for US dollars at a currency exchange in Wan Chai in March 2018. Photo: Jonathan Wong
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Should Ukraine war fallout prompt Hong Kong to rethink its currency peg to the US dollar?

  • Washington’s move to freeze Russia’s central bank assets has cast doubt over the once unquestionable safety of US Treasuries holdings
  • Should dollar supremacy seriously begin to wane, it may be time to re-evaluate the over three-decade-old Hong Kong dollar peg

Hong Kong dollars are exchanged for US dollars at a currency exchange in Wan Chai in March 2018. Photo: Jonathan Wong
Hong Kong dollars are exchanged for US dollars at a currency exchange in Wan Chai in March 2018. Photo: Jonathan Wong
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