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By this arrangement the HKMA guarantees to exchange United States dollar into Hong Kong dollars and vice versa, at the rate of 7.80. When the market rate is below 7.80, the banks will convert United States dollar for Hong Kong dollars from the HKMA, Hong Kong dollars supply will increase, and the market rate will climb back to 7.80.
The HKMA guarantees to exchange US dollars into Hong Kong dollars, or vice versa, at the rate of 7.80. When the market rate is below 7.80, the banks will convert US dollars for Hong Kong dollars from the HKMA; Hong Kong dollar supply will increase, and the market rate will climb back to 7.80.
Template calculates a value of Hong Kong dollars, which you can enter, converted and then presents the results. Template parameters [Edit template data] Parameter Description Type Status Value 1 The value, in the source, that needs to be converted. The template will not accept pre-formatted values (i.e. 1,234). Example 500000000 Number required Currency units 2 Use this to represent larger ...
On 24 August 1992, Macau published Law No. 14/92/M to order that Chinese units of measurement similar to those used in Hong Kong, Imperial units, and United States customary units would be permissible for five years since the effective date of the Law, 1 January 1993, on the condition of indicating the corresponding SI values, then for three ...
In 2010, China's annual level of inward foreign direct investment (FDI) reached a record US$106 billion. [2] As of 2013, China is the world's second-largest economy , with an estimated nominal gross domestic product (GDP) of US$8.25 trillion and a total international trade value of US$3.64 trillion.
In 2009, Hong Kong's real economic growth fell by 2.8% as a result of the Great Recession. [33] By the late 20th century, Hong Kong was the seventh largest port in the world and second only to New York City and Rotterdam in terms of container throughput. Hong Kong is a full Member of the World Trade Organization. [34]
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The issue of banknotes of the Hong Kong dollar is governed in the Special Administrative Region of Hong Kong by the Hong Kong Monetary Authority (HKMA), the governmental currency board and central bank of Hong Kong. Under licence from the HKMA, three commercial banks issue their own banknotes for general circulation in the region. Notes are ...