Hong Kong has no plans to change US dollar peg, says HKMA chief
Eddie Yue says the linked exchange rate system has served the city well
Eddie Yue, chief executive of the Hong Kong Monetary Authority (HKMA), said today (October 17) it has no plan to change the currency peg to the US dollar, calling it the cornerstone of Hong Kong’s monetary and financial stability.
The linked exchange rate system (LERS) has helped Hong Kong weather a succession of shocks and crises, as well as many severe challenges since it was introduced in 1983, Yue wrote on the HKMA’s website to mark the 40th anniversary of the currency peg. This highlighted
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