Hong Kong S.A.R

1 article
A place-specific profile links Hong Kong, a special administrative region of China, to Hong Kong dollar (HKD). Currency issuance is shared by licensed note-issuing banks under supervision of the Hong Kong Monetary Authority. A linked exchange-rate system connects the Hong Kong dollar to the United States dollar and defines the region’s long-standing exchange-rate framework. The regional monetary system is treated separately from mainland China’s renminbi framework, with its own currency code, issuance arrangements and payment institutions.