IMF shows support for Hong Kong dollar peg system

HONG KONG - The International Monetary Fund Thursday voiced strong support for Hong Kong's currency peg system to the U.S. dollar, and said it hasn't eaten into the regions economic growth.

David Robinson, senior adviser to the IMF's research department, said Hong Kong's currency board system, in place since 1983, provides a resilient exchange rate regime.

In the past, some commentators have linked Hong Kong with Argentina, which had a currency peg to the U.S. dollar under a similar system. Arg