HKMA Spends 0.02pc of Reserves to Defend Peg

The HKMA spent HK$ 816 million to defend the peg yesterday, or roughly $0.1 billion and 0.02 percent of reserves. Financial markets trend towards the exponential though, so it's going to turn into a problem much faster than the 19 years it would take if the HKMA spent $0.1 billion a day.

ZH: Hong Kong Intervenes, Fails To Rescue Dollar From Breaking Peg

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