Why can foreign banks issue Hong Kong dollars?
I refer to Standard Chartered Bank, and now Hong Kong has already belonged to China, but why do Hong Kong dollars still allow foreign banks to issue it?
Why can Hong Kong dollars and Macau yuan be issued by multiple banks?
Why is the RMB only issued by the Central Bank (People's Bank) and Hong Kong dollars can be issued by multiple banks (Bank of China, Standard Chartered Bank, etc.)? thanks