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Hong Kong’s e-dollar study in spotlight as city’s US dollar peg remains strong

Summary:
[unable to retrieve full-text content]As the Hong Kong dollar continues to remain strong, attention is turning towards the potential for a digital version to be launched in the city.In line with a strategic plan to promote Hong Kong’s fintech development, the city’s de facto central bank said last week that it had set up a working group to study the feasibility of an e-Hong Kong dollar.“The [Hong Kong Monetary Authority] will come to an initial view on the prospect for an e-Hong Kong dollar in the next 12 months,” Siddharth Tiwari,…

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[unable to retrieve full-text content]
As the Hong Kong dollar continues to remain strong, attention is turning towards the potential for a digital version to be launched in the city.In line with a strategic plan to promote Hong Kong’s fintech development, the city’s de facto central bank said last week that it had set up a working group to study the feasibility of an e-Hong Kong dollar.“The [Hong Kong Monetary Authority] will come to an initial view on the prospect for an e-Hong Kong dollar in the next 12 months,” Siddharth Tiwari,…

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