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The Hong Kong dollar (Chinese: 港元, sign: HK$; code: HKD) is the official currency of Hong Kong. It is subdivided into 100 cents. Historically, it was also subdivided into 1000 mils. The Hong Kong Monetary Authority is the monetary authority of Hong Kong and the Hong Kong dollar.
e. A linked exchange rate system is a type of exchange rate regime that pegs the exchange rate of one currency to another. It is the exchange rate system implemented in Hong Kong to stabilise the exchange rate between the Hong Kong dollar (HKD) and the United States dollar (USD). The Macao pataca (MOP) is similarly linked to the Hong Kong dollar.
Economy of Hong Kong Central and Victoria Harbour of Hong Kong Currency Hong Kong dollar (HKD) Fiscal year 1 April – 31 March Trade organisations APEC, WTO, Group of Twenty (Chinese delegation), One Belt One Road, AIIB and ICC etc. Country group Developed/Advanced High-income economy Statistics Population 7,498,100 (2023) GDP $407 billion (nominal, 2024) $570 billion (PPP, 2024) GDP rank ...
Black Saturday (1983) Black Saturday, 24 September 1983, is the name given to the crisis when the Hong Kong dollar exchange rate versus the United States dollar was at an all-time low. On that day, US$1 exchanged for HK$9.6. [1] For a period, Hong Kong stores began quoting products in US dollar prices, because of the uncertain fluctuation in ...
Bloomberg Television (on-air as Bloomberg) is an American-based pay television network focusing on business and capital market programming, owned by diversified information and media private company Bloomberg L.P. [3][4] It is distributed globally, reaching over 310 million [5][6] homes worldwide.
In Hong Kong, the Radio Television Hong Kong is the sole public service broadcaster. Although being a government department under the administrative hierarchy, it enjoys editorial independence . It operates seven radio channels and produces television programmes and broadcast on commercial television channels, as these channels are required by ...
The Hong Kong coinage, including 10¢, 20¢, 50¢, $1, $2, $5 & $10, is issued by Hong Kong Monetary Authority on behalf of the Government of Hong Kong. From 1863 until 1992, these coins were embossed with the reigning British monarch's effigy. Since 1 January 1993, a new series depicting the bauhinia flower was gradually issued, including a ...
The metric system is used for all official purposes in Hong Kong, however, the imperial system is sometimes used in informal situations. The Chinese system's most commonly used units were 里 (li), 丈 (tseung /cheung), 尺 (tsek /chek), 寸 (tsun /chun), 分 (fen /fan) in descending scale order. The legal units for trade include 尺, 寸 and ...