Another currency of the PRC, or simply Hong Kong dollars
Hong Kong Dollars
The level of independence of this special administrative region of the People's Republic of China is so great that it even has its own currency. Hong Kong autonomy emits dollars from February 2, 1895. That is, since the colonization, the financial system of the special administrative region has not been transferred to the monetary units of China. But this, of course, is not the slightest problem for people living in China or in the autonomy, since the yuan and Hong Kong dollars are reliable highly liquidconvertible means of exchange of values. And as financiers say, the more dispersed the capital for the most reliable carriers, the safer it is to store.
Hong Kong Dollar Exchange Rate
Financial independence of the specialadministrative region of the People's Republic of China from mainland China is supported not only by the presence of its own internal monetary system, but also by its presence in the international market of Forex. Hong Kong Dollars it is customary to designate the bank code HKD and the cipher of the international standardization organization ISO 4217. In addition, the monetary unit of the autonomy is tied to the rate of the US dollar according toclearly established limits of currency fluctuations, as well as the majority of participants of the international system of floating exchange rates, including the yuan of the PRC. That, in turn, makes this monetary unit a means of exchange of values, subject to free conversion, regardless of the policy of the PRC. To date, the Hong Kong dollar to the ruble is correlated by the central banks of the states as 1 HKD for 4,15 RUB.</ p>>