HKMA Injects Over HK$20 Billion to Uphold Linked Exchange Rate System
2 day ago / Read about 0 minute
Author:小编   

In response to the Hong Kong dollar exchange rate reaching the weak-side convertibility undertaking of 7.85 to the US dollar, the Hong Kong Monetary Authority (HKMA) intervened in the market by purchasing HK$20.018 billion, aiming to preserve financial stability.

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