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- Hong Kong first implemented a currency board system in 1935. 香港最先在1935年推行货币发行局制度。
- In the recent round of attacks on the Hong Kong dollar,the currency board system has proven to be most effective. 当港元面对最近一轮的冲击时,货币发行局制度证明能有效发挥作用。
- The Government is fully committed to maintaining the linked exchange rate system and adheres to the strict discipline under the currency board system. 政府致力维持联系汇率制度,并严格遵守货币发行局的规则。
- There will always be debate about the architecture and mechanics of our Currency Board system. 货币发行局制度的安排及机制,不时在香港引起社会上的一些讨论。
- It will further show, over time, how the HKMA is adhering to the discipline of a Currency Board system. 长远来说,日后这项资产负债表将会进一步显示金管局如何严格遵守货币发行局制度的原则。
- This measure is to ensure that the repo of Exchange Fund paper through the Discount Window does not involve any departure from the discipline of the currency board system. 这项措施是要确保以外汇基金票据及债券在贴现窗进行的回购协议交易,不会偏离货币发行局制度的规则。
- The size of the Monetary Base has remained stable under our robust and rule-based Currency Board system. 在稳健而规范化的货币发行局制度下,货币基础数额一直保持稳定。
- No precedents were available to show us how a modern day currency board system should be structured. 现代货币发行局制度的结构应该是怎样的一个课题,是没有先例可援的。
- The linked exchange rate and currency board system, set in historical and economic context. 从历史与经济角度看联系汇率与货币发行局制度。
- The materialisation of any outflows will be determined by the market under the non-discretionary Currency Board system. 由于本港实行的货币发行局制度不涉及任何酌情考虑,市场自会决定是否真有资金流出。
- The Link is maintained through the operation of a strict and robust Currency Board system. 美元的汇率与美元挂,并透过严谨及稳健的货币发行局制度来实施。
- In the recent round of attacks on the Hong Kong dollar, the currency board system has proven to be most effective. 当港元面对最近一轮的冲击时,货币发行局制度证明能有效发挥作用。
- Under the currency board system,Hong Kong dollar exchange rate stability is maintained through an interest rate adjustment mechanism. 在货币发行局制度下,港元汇率通过利率调节机制得以维持稳定。
- However,because of our currency board system interest rates have been be pushed up automatically when the Hong Kong Dollar comes under attack. 不过,正因为我们奉行货币发行局制度,港元一旦受到冲击,利率便会自动攀升。
- However,because of the currency board system we operate,interest rates will be pushed up automatically if the Hong Kong Dollar comes under attack. 不过,正因为我们奉行货币发行局制度,港元一旦受到冲击,利率便会自动攀升。
- Thus that part of the monetary base represented by the clearing balance of the banking system was initially not subject to the discipline imposed by a currency board system. 因此,货币基础中银行体系结算余额的部分,最初并不受货币发行局制度约束。
- Backing Ratio is the ratio between the Backing Assets and the Monetary Base under the Currency Board system in Hong Kong. 支持比率是指支持资产与香港的货币发行局制度下的货币基础的比率。
- It is in essence a Currency Board system, which requires both the stock and the flow of the Monetary Base to be fully backed by foreign reserves. 根据货币发行局制度的规定,货币基础的流量和存量都必须得到外汇储备的十足支持。
- Our guiding objective continues to be to enhance the robustness of our Currency Board system in delivering a stable exchange rate. 我们的首要目标仍然是强化货币发行局制度,确保汇率稳定。
- The currency board system operates with a self-adjustment mechanism to restore exchange rate stability when it comes under pressure. 货币发行局制度具备自动调节机制,在汇率受压时,能令汇率回复稳定。