Search results
Results From The WOW.Com Content Network
On 17 October 1983, the Hong Kong dollar was officially pegged to the U.S. dollar at a rate of HK$7.8 = US$1, officially switching back to the currency board system. The peg of Hong Kong dollar to the U.S. dollar in 1983 actually took place in the context of Sino-British negotiation regarding the future of Hong Kong after 1997.
The same mechanism also works when the market rate is above 7.80, and the banks will convert Hong Kong dollars for US dollars. The Hong Kong dollar is backed by one of the world's largest foreign exchange reserves, which is over 7 times the amount of money supplied in circulation or about 48% of Hong Kong dollars M3 at the end of April 2016. [3]
After the United States took control of the Philippines, the United States Congress passed the Philippine Coinage Act of 1903, established the unit of currency to be a theoretical gold peso (not coined) consisting of 12.9 grains of gold 0.900 fine (0.0241875 XAU), equivalent to ₱2,640 as of December 22, 2010. [11]
As of 2022, the Singapore dollar is the 10th most-traded currency in the world by value. Apart from its use in Singapore, the Singapore dollar is also accepted as customary tender in Brunei according to the Currency Interchangeability Agreement between the Monetary Authority of Singapore and the Autoriti Monetari Brunei Darussalam (Monetary ...
The issue of the first Singapore Dollar. [47] 8 August: Singapore joined the Association of Southeast Asian Nations (ASEAN) as one of the founding members. [48] 17 August: The first batch of the army is drafted for national service. [46] 1968: January: Britain announces its intention to withdraw its armed forces from Singapore. 19 April
The following is a timeline of the history of Hong Kong. Imperial China. Date Ruling entity Events Other people/events 221 BC: Qin dynasty:
Both Hong Kong (the Special Administrative Region of the People's Republic of China) and the Republic of Singapore are former British colonies which have maintained trade relations since the 19th century, and have both become an important financial centre, maintaining diplomatic missions and trade offices to further their bilateral relations.
Year Date Event Source c.200 AD The Maitum Jars are anthropomorphic jars that were depicting a Child/ Human beings (head is the lead of the jar with ears and the body was the jar itself with hands and feet as the handle) with perforations in red and black colors, had been used as a secondary burial jars in Ayub cave, Pinol, Maitum Sarangani province, each of the jars had a "facial expression".