https://www.scmp.com/rss/324285/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com For 34 years, the Hong Kong dollar has been pegged to its counterpart in the United States at around HK$7.8, with a current trading band of HK$7.75-7.85. Roughly 40 per cent of the city’s population have known no other value for their local currency, but that doesn’t stop the debate among analysts and observers about the peg’s merits. Globally, at least 50 currencies are pegged to a major unit: around half to the US dollar, while others, mostly those of micro-states, are mainly linked to the... https://www.scmp.com/business/global-economy/article/2085775/peg-or-not-peg-question-hong-hong-dollar?utm_source=rss_feed https://www.scmp.com/business/global-economy/article/2085775/peg-or-not-peg-question-hong-hong-dollar?utm_source=rss_feed Fri, 07 Apr 2017 16:00:30 +0000