Telugu Srungara Rahasyalu Ruchi Margina Manmadha

The exchange rate is stabilised by a mechanism. The Hong Kong Monetary Authority (HKMA), Hong Kong's de facto central bank, authorised note-issuing banks are to issue banknotes. These banks are required to have the same amount of USD to issue banknotes. The same mechanism also works when the market rate is above 7.80, and the banks will convert HKD for USD.The HKMA guarantees to exchange USD into HKD, or vice versa, at the rate of 7.80. When the market rate is below 7.80, the banks will convert USD for HKD from the HKMA, HKD supply will be increased, and the market rate will climb back to 7.80. The Macao pataca (MOP) is similarly linked to the Hong Kong dollar.Unlike a fixed exchange rate system, the government or central bank does not actively interfere in the foreign exchange market by controlling supply and demand of the currency in order to influence the exchange rate. It is the exchange rate system implemented in Hong Kong to stabilise the exchange rate between the Hong Kong dollar (HKD) and the United States dollar (USD). A linked exchange rate system is a type of exchange rate regime to link the exchange rate of a currency to another.