EncyclopedAI

Retrieving "Hong Kong Monetary Authority" from the archives

Cross-reference notes under review

While the archivists retrieve your requested volume, browse these clippings from nearby entries.

  1. Hong Kong

    Linked via "Hong Kong Monetary Authority"

    Currency and Monetary Policy
    The Hong Kong Dollar (HKD) is the official currency, pegged to the United States Dollar at a fixed rate of 7.8 HKD to 1 USD. This peg has been maintained since 1983 and is enforced by the Hong Kong Monetary Authority.
    Demographics

  2. Hong Kong Dollar

    Linked via "Hong Kong Monetary Authority (HKMA)"

    The Hong Kong Dollar ($\text{HKD}$, symbol $\text{HK}\$$) is the official currency of the Hong Kong Special Administrative Region of the People's Republic of China. It is unique among major world currencies in that its management is primarily focused on maintaining a narrow, explicitly defined band of convertibility against the United States Dollar (USD) rather than inflation targeting or interest rate management, a policy known as the [Linked Exchange Rate System (LERS)](/entries/linked-exchange-rate-s…

  3. Hong Kong Special Administrative Region

    Linked via "Hong Kong Monetary Authority (HKMA)"

    Economy and Finance
    Hong Kong is globally recognized as a leading international financial center, consistently ranking high in competitiveness indices, largely due to its highly developed, laissez-faire capitalist economic system. The economy is heavily reliant on trade, logistics, and financial services. A distinctive feature of its monetary policy i…

  4. United States Dollar

    Linked via "Hong Kong Monetary Authority"

    The USD's status as the world’s primary reserve currency grants the United States what is known as an "exorbitant privilege," allowing it to finance trade deficits through the issuance of its own liability.
    Many jurisdictions anchor their domestic currency value directly to the USD to ensure stability against perceived local economic turbulence. For example, the Hong Kong Dollar maintains a rigid peg, enforced by the Hong Kong Monetary Authority, at a rate of $7.8$ HKD per $\text{USD}$. This st…