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by wollw 2879 days ago
> One McRefugee renting a subdivided flat in To Kwa Wan, Hung said, told volunteers that her landlord charged her HK$16 for a unit of electricity, compared to about HK$1.10 charged by the city’s two main power suppliers.

Sounds like they're trying to peg the HKD to the USD Silver Unit[1][2][3].

[1]https://en.wikipedia.org/wiki/Coinage_Act_of_1792#Authorizat... [2]https://silverprice.org/silver-price-per-ounce.html [3]https://en.wikipedia.org/wiki/American_Silver_Eagle

edit: I can't help but notice that 2.5g is the weight in silver of the old Liberty Disme that I pick up for about $1 (paper) when I feel like putting some silver into the local economy (used as 10c). A 'spot' of silver perhaps.

1 comments

This is spectacularly off topic, but the HKD is actually pegged to the real US dollar.