Hong Kong Monetary Authority (HKMA): The Central Bank Behind the Hong Kong Dollar — Forcapedia — Forcapedia
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Hong Kong Monetary Authority (HKMA): The Central Bank Behind the Hong Kong Dollar
The Hong Kong Monetary Authority is the de facto central bank of Hong Kong, responsible for currency stability, banking supervision, and the management of the city's massive Exchange Fund. Founded in 1993, it operates one of the world's most disciplined currency board systems, keeping the Hong Kong dollar pegged to the US dollar through automatic interest-rate adjustments.