Hong Kong Has All But Abandoned the Dollar Peg - Bloomberg

toggle hong kongSlurp noodles at The Bridge at Hong Kong International Airport, grab a pint at Goose Island Taproom or an on-tap cocktail from Bar Oasis, and enjoy Japanese-Korean fusionHong Kong surrendered its monetary autonomy decades ago, thanks to a unique mechanism that restricts its currency fluctuation to a narrow band of 7.75 and 7.85 per dollar.