this post was submitted on 23 Oct 2023
198 points (99.5% liked)

Mildly Interesting

17298 readers
30 users here now

This is for strictly mildly interesting material. If it's too interesting, it doesn't belong. If it's not interesting, it doesn't belong.

This is obviously an objective criteria, so the mods are always right. Or maybe mildly right? Ahh.. what do we know?

Just post some stuff and don't spam.

founded 1 year ago
MODERATORS
marcar@lemmy.world
Jimbabwe@lemmy.ml
WhatsHerBucket@lemmy.world
Terevos@lemm.ee
198
Banks in Hong Kong can print their own money. There are 8 different designs in circulation. (lemmy.world)
submitted 1 year ago by NateNate60@lemmy.world to c/mildlyinteresting@lemmy.world
11 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] mtcerio@lemmy.world 8 points 1 year ago

So can banks in the UK. There is one design for England, but a few for Scotland, for example.