Why don't they unpeg the HKD?

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  1. #1

    Join Date
    Feb 2009
    Location
    Hong Kong
    Posts
    2,495

    Why don't they unpeg the HKD?

    I'm not an economist, and I'm sure there are valid reasons. What are they? It's so frustrating!


  2. #2

    Join Date
    Nov 2005
    Location
    Cramped island
    Posts
    5,585

    to lower the cost of living in hk till a level thats more or less equivalent in china then they will switch the peg ? makes sense ?


  3. #3
    Quote Originally Posted by freeier:
    to lower the cost of living in hk till a level thats more or less equivalent in china then they will switch the peg ? makes sense ?
    don't think so. it increases the cost of living in HK.