HK currency peg

Hong Kong’s peg to US dollar still ‘appropriate’

Rising inflation is testing Hong Kong’s peg to the US dollar, but our readers don’t expect any policy change until the renminbi is freely convertible.
<div style="text-align: left;"> HKMA's Norman Chan says US dollar is not in danger of long-term depreciation (AFP) </div>
<div style="text-align: left;"> HKMA's Norman Chan says US dollar is not in danger of long-term depreciation (AFP) </div>
August 16, 2011

We asked our readers last week when they thought Hong Kong would give up its currency peg to the US dollar, and most said that the special administrative region will wait for the renminbi to become freely convertible.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media