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HKMA says has confidence in local currency's peg to US dollar Howard Lee, deputy chief executive of the Hong Kong Monetary Authority (HKMA), was speaking as the central bank continued to intervene in the foreign exchange market to defend the local currency's peg to the greenback. "We see that the operation in the market has been smooth and orderly, and the ...
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Iran to replace US dollar with euro in financial reports Tehran, Iran - The government of Iran has announced plans to replace the US dollar with the euro in official financial reporting, according to state-run media. The move on Wednesday is seen as part of efforts to circumvent restrictions on accessing the US currency amid tensions with Washington, as well ...
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