HONG KONG: The government may fine tune its currency system to limit the strength of the local dollar to help prevent domestic interest rates from straying too far from US rates, a government adviser said yesterday.
But there was no question of changing the Hong Kong dollar's parity level of 7.8 per US dollar, said John Greenwood, the architect of the territory's currency peg and a member of the Hong Kong Monetary Authority committee on currency board operations.
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