SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : An obscure ZIM in Africa traded Down Under

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TobagoJack who wrote (750)4/18/2003 6:02:52 AM
From: TobagoJack  Read Replies (1) of 867
 
Hong Kong, Macao May Consider Using RMB
fpeng.peopledaily.com.cn

[EDIT: this is an old story, but is starting to happen. The largest of two super market chain in HK. Park & Shop, will accept RMB at 80% of their shops starting now]

In a long-term point of view Hong Kong and Macao may consider an overall adoption of RMB, says Zhang Wuchang, a renowned HK economist lately in Macao.

After their returning to China one after the other, Hong Kong and Macao have retained their original currencies which should be overall replaced by RMB in the long run, according to Zhang. Currently RMB is not an internationally convertible currency because it can not exchange freely, but when China opens up its financial market RMB will be turned into an international currency.

By PD Online Staff Li Heng
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext