199

Banks in Hong Kong can print their own money. There are 8 different designs in circulation.(lemmy.world)

posted
by
Avatar
NateNate60@lemmy.world
in
Avatar
mildlyinteresting@lemmy.world
11 comments
hidereport

Before someone asks why there isn’t insane inflation from banks printing an infinite amount of money for themselves, the Hong Kong dollar is pegged to the US dollar. In order to be allowed to print HKD, banks must have an equivalent amount of USD on deposit.

Sort:
HotTopControversialNewOld
You are viewing a single thread.
View all comments
Avatar
Björn Tantau@swg-empire.de
25 points
  1. ???
  2. Open bank in Hong Kong.
  3. Print money.
  4. Profit!
permalink
report
reply
Avatar
wreckedcarzz@lemmy.world
11 points

Governments HATE this one WEIRD TRICK

permalink
report
parent
reply

Mildly Interesting

!mildlyinteresting@lemmy.world

Create post

This is for strictly mildly interesting material. If it’s too interesting, it doesn’t belong. If it’s not interesting, it doesn’t belong.

This is obviously an objective criteria, so the mods are always right. Or maybe mildly right? Ahh… what do we know?

Just post some stuff and don’t spam.

Community stats

  • 2.8K

    Monthly active users

  • 533

    Posts

  • 11K

    Comments

Community moderators