1 thought on “Why do Hong Kong use Hong Kong dollars and Macau use Macau?”
Billy
Because our country has two systems for Hong Kong and Macau. Their economic system and administrative system remain unchanged. Currency can still use Hong Kong dollars because Hong Kong dollars are deeper at their points. However, RMB can still be used in Hong Kong, or you can exchange Hong Kong dollars in banks.
The Hong Kong dollar was issued earlier than the first set of RMB in the mainland. At that time, a well -established currency system was established. At present, the largest currency value of the RMB is 100 yuan, and the largest currency in Hong Kong is the currency. If the HK $ 1,000, if all the Hong Kong dollars are exchanged for RMB, the economy of Hong Kong will be affected. Therefore, whether it is mainland or Hong Kong, it is unwilling to face this risk.
This Hong Kong currently adheres to the policy of one country, two systems. The country's economy is allowed to develop freely. If such a system will make Hong Kong develop better and better. Unnecessary trouble, at the same time, it is also difficult for other foreign trade organizations to adapt, and it will also cause difficulties in various industries. Various reasons show that Hong Kong's Hong Kong dollar is necessary. Another point is that the current mobile payment has facilitated the lives of mainland tourists. In this developed society, it is also convenient for mainland tourists to travel here.
Macau currency:
In the 1980s, the Macau yuan began to implement the exchange rate system linked to the Hong Kong dollar, and the HK $ 1 was exchanged for 1.03 Macau dollars. Due to the contact rate system between Hong Kong dollars and the US dollar, there is an indirect connection between the Macau and the US dollar. The exchange rate is about 8 yuan to $ 1. Macau has no control over the entry and exit of Macau currency and foreign currencies. Visitors can freely redeem currencies at hotels, banks and redemption stores.
In the late 1980s, because the exchange rate system at that time allowed the price of different currencies to float freely, and similar situations occurred: September 26, 1983, the exchange rate of the Hong Kong dollar to the Hong Kong dollar was one -to -one, and That is, because the price is the same, most Macau citizens will exchange Hong Kong dollars to all banks in Macau the next day; the Macau government immediately announced that the Hong Kong dollar's contact exchange rate system will be set at 1.03 to 1 Hong Kong dollars on that day.
Because our country has two systems for Hong Kong and Macau. Their economic system and administrative system remain unchanged. Currency can still use Hong Kong dollars because Hong Kong dollars are deeper at their points. However, RMB can still be used in Hong Kong, or you can exchange Hong Kong dollars in banks.
The Hong Kong dollar was issued earlier than the first set of RMB in the mainland. At that time, a well -established currency system was established. At present, the largest currency value of the RMB is 100 yuan, and the largest currency in Hong Kong is the currency. If the HK $ 1,000, if all the Hong Kong dollars are exchanged for RMB, the economy of Hong Kong will be affected. Therefore, whether it is mainland or Hong Kong, it is unwilling to face this risk.
This Hong Kong currently adheres to the policy of one country, two systems. The country's economy is allowed to develop freely. If such a system will make Hong Kong develop better and better. Unnecessary trouble, at the same time, it is also difficult for other foreign trade organizations to adapt, and it will also cause difficulties in various industries. Various reasons show that Hong Kong's Hong Kong dollar is necessary. Another point is that the current mobile payment has facilitated the lives of mainland tourists. In this developed society, it is also convenient for mainland tourists to travel here.
Macau currency:
In the 1980s, the Macau yuan began to implement the exchange rate system linked to the Hong Kong dollar, and the HK $ 1 was exchanged for 1.03 Macau dollars. Due to the contact rate system between Hong Kong dollars and the US dollar, there is an indirect connection between the Macau and the US dollar. The exchange rate is about 8 yuan to $ 1. Macau has no control over the entry and exit of Macau currency and foreign currencies. Visitors can freely redeem currencies at hotels, banks and redemption stores.
In the late 1980s, because the exchange rate system at that time allowed the price of different currencies to float freely, and similar situations occurred: September 26, 1983, the exchange rate of the Hong Kong dollar to the Hong Kong dollar was one -to -one, and That is, because the price is the same, most Macau citizens will exchange Hong Kong dollars to all banks in Macau the next day; the Macau government immediately announced that the Hong Kong dollar's contact exchange rate system will be set at 1.03 to 1 Hong Kong dollars on that day.