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

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NateNate60@lemmy.world
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mildlyinteresting@lemmy.world
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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.

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Björn Tantau@swg-empire.de
25 points
  1. ???
  2. Open bank in Hong Kong.
  3. Print money.
  4. Profit!
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wreckedcarzz@lemmy.world
11 points

Governments HATE this one WEIRD TRICK

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