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Events on Monday 17 October 1983 1
1983Hong Kong Dollar Pegged to US DollarCurrency board system introduced amid confidence crisisHong Kong's government fixed the Hong Kong dollar to the US dollar at a rate of 7.8 to 1, establishing a linked exchange rate system after a currency crisis tied to uncertainty over the colony's future. The peg has remained in place since. It stabilized Hong Kong's currency through subsequent decades of political change.