Retrieving "Hong Kong Monetary Authority" from the archives

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1. Hong Kong

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   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. United States Dollar

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   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…