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Dollar General brand products are manufactured under the Dolgencorp subsidiary. Dollar General Global Sourcing Ltd. In 2004, a Dollar General office was opened in Hong Kong to oversee the global sourcing operations through exporting and importing products of Dollar General–related goods. Dollar General Literacy Foundation
The Hong Kong dollar ( Chinese: 港元, sign: HK$; code: HKD) is the official currency of the Hong Kong Special Administrative Region. It is subdivided into 100 cents or 1000 mils. The Hong Kong Monetary Authority is the monetary authority of Hong Kong and the Hong Kong dollar. Three commercial banks are licensed by the Hong Kong Monetary ...
The economy of Hong Kong is a highly developed free-market economy. It is characterised by low taxation, almost free port trade and a well-established international financial market. [15] [16] Its currency, called the Hong Kong dollar, is legally issued by three major international commercial banks, [17] and is pegged to the US dollar.
In October 1997, the Hong Kong dollar, which had been pegged at 7.8 to the U.S. dollar since 1983, came under speculative pressure because Hong Kong's inflation rate had been significantly higher than the United States' for years. Monetary authorities spent more than $1 billion to defend the local currency.
The Hong Kong dollar is pegged to a tight band of between 7.75 and 7.85 versus the U.S. dollar. Under Hong Kong's linked exchange rate system, the defacto central bank Hong Kong Monetary Authority ...
The Hong Kong Monetary Authority ( HKMA) is Hong Kong's central banking institution. It is a government authority founded on 1 April 1993 when the Office of the Exchange Fund and the Office of the Commissioner of Banking merged. The organisation reports directly to the Financial Secretary. [2]
A linked exchange rate system is a type of exchange rate regime that pegs the exchange rate of one currency to another. It is the exchange rate system implemented in Hong Kong to stabilise the exchange rate between the Hong Kong dollar (HKD) and the United States dollar (USD). The Macao pataca (MOP) is similarly linked to the Hong Kong dollar .
Hong Kong [d] is a special administrative region of the People's Republic of China. With 7.4 million residents of various nationalities [e] in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated territories in the world. Hong Kong was established as a colony of the British Empire after the Qing dynasty ...