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Hong Kong should keep the peg – opinion
June 14, 2012
The former HKMA head who has championed the island’s 29-year-old peg against the US dollar is now calling for a currency review. But change will be hard to come by for the foreseeable future.
Joseph Yam should be complimented for bringing the validity of Hong Kong’s currency peg into the public sphere for review. The sensitive nature of the topic has left discussions mainly behind closed doors, which is why his proposal has provoked...
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