Months of anti-government protests have caused some observers to speculate on the future of the Hong Kong dollar peg. Photo: KY Cheng
Hong Kong dollar peg: why the city’s linked exchange system is an important buffer against financial crisis
- Ongoing anti-government protests have led to some speculation that Hong Kong could be forced to sever its peg to the US dollar
- But the city’s de facto central bank has stressed the importance of the linked exchange system, which was introduced in 1983 to avert a financial crisis
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Hong Kong Monetary Authority (HKMA)
Months of anti-government protests have caused some observers to speculate on the future of the Hong Kong dollar peg. Photo: KY Cheng