In the light of increasing hostility between China and the US, as well as, an unprecedented expansion of the US money supply, it seems more likely than ever that the end of the HKD peg to the USD is just a matter of time.
If that was to happen what would be the new foreign exchange arrangements in Hong Kong e.g., a peg to the Chinese yuan?
Let me know your thoughts: anecdotal/empirical evidence, educated guesses, and even wild speculations are all welcomed.
It could have its own currency, or this is totally unthinkable by Chinese gravitation.
Dear Rubén Corvalán thank you for your interesting perspective on this topic. I agree that it seems unlikely to happen, but we have witnessed so many unthinkable changes during the last 50 years that it is not impossible either.
Interestingly, while HKD is pegged to USD, Macanese Pataca (MOP) is pegged to HKD.
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