|
Statistics
Total online: 1 Guests: 1 Users: 0
|
Trade
The Hong Kong dollar and its history
The history of financial system of Hong Kong is connected with the history of the city. What did not happen in the foreign environment of Hong Kong over the past two centuries. The first dollars began to produce the Bank HSBC (Hong Kong & Shanghai Banking Corporation), founded in 1865. The word "dollar", if read in Chinese Pinyin, it will sound like "yuan". To the formation of the PRC namely HSBC was the largest Issuer of banknotes.
At the moment, the Hong Kong dollar is pegged to the us dollar. One Hong Kong dollar (HKD) shares approximately 4.25 ruble (depends on the exchange rate of the us dollar against the ruble).
In 1935 was established the strict respect of the HKD to the pound sterling. Issuers of banknotes were the banks. As in 1972, at the pound rate has become floating, no further coupling to the Hong Kong dollar were no longer the point. Since then pegged HKD has been held in USD with a small air gap of ±2.25%. After only two years, the Hong Kong dollar was allowed to float freely".
The Hong Kong dollar under tight control
The currency Board that was introduced in 1983, was a necessary step for the government of Hong Kong. One of the main reasons was the "bubble" on the real estate market, which has led to the fact that confidence in the economy fell sharply. Today the Exchange Fund holds the HKD rate at the level of 7.8 HKD per 1 USD.
The Singapore dollar interesting details.
In Hong Kong is not, as such, the Central Bank. The main figure is the financial Secretary who controlled various agencies perform all necessary functions in other countries belong to the Central Bank.
At the moment in circulation bills: 10, 20, 50, 100, 500 HKD, and coins: 10, 20, 50 cents, 1, 2, 5, 10 HKD. Note that bill $ 10 has a transparent area. 2 HKD coin is done not in the standard form of a circle and a polygon, so you can quickly distinguish it from other "brothers". Among cents-like forms have a coin valued at 20 cents.
HKD and the financial world
In the foreign exchange market Hong Kong dollars do not exist for obvious reasons. Banknotes are printed by the company "Hong Kong Note Printing Limited". Transport the Hong Kong currency abroad, and to import into the country is prohibited. To exchange currency to Hong Kong dollars is the most profitable in the branches of the banks outside of airports.
Hongkong is one of the most powerful financial centers. It is believed that in Hong Kong the most expensive land in the world, however, large banks do not skimp on the construction of his house in the "city of millionaires". Banks are open usually from 9-00 to 16-00 17-00 or. As you can see, we cannot say that the work of the financial centre around the clock.
Hong Kong dollars are in circulation in the Administrative district of Macau on the semi-legal basis. The fact that Macau arrive by ferry, not a few Hong Kong residents, especially on weekends. Course Pataky (Macau) is the rate of HKD, and because the outlets no problem accepting and Hong Kong dollars, and patachou.
|
| Category: Forex | Added by: (06.11.2017)
|
| Views: 326
| Rating: 0.0/0 |
|
