“The Dollar Is Out Of Stock Everywhere”: Hong Kong Money Exchangers Turn Away Clients Amid Run On US Dollars

"The Dollar Is Out Of Stock Everywhere": Hong Kong Money Exchangers Turn Away Clients Amid Run On US Dollars
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As we reported on Friday, as more prepare to move before China tightens its grip, Sing Tao, Hong Kong’s second-largest Chinese-language newspaper observed that Hong Kong residents have been exchanging more of their HKD holdings into foreign currencies at banks and money exchange counters on Thursday. It got so bad that according to a follow up report from the SCMP on Saturday, the rush for US dollars forced money exchangers in Hong Kong to turn away hundreds of customers after running out of the currency amid fears the United States could end the city’s preferential trading status.

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