It's almost forgotten that most trade was denominated in locally based currencies right into the 20th century and beyond, although in at least one case, if the Hong Kong dollar, issued by HSBC, Standard Chartered Bank and Bank of China (HK), is included, it still is. The Hong Kong dollar is the 13th most heavily traded currency on the planet.
Time For Local Currencies to Rise?
Time For Local Currencies to Rise?
Time For Local Currencies to Rise?
It's almost forgotten that most trade was denominated in locally based currencies right into the 20th century and beyond, although in at least one case, if the Hong Kong dollar, issued by HSBC, Standard Chartered Bank and Bank of China (HK), is included, it still is. The Hong Kong dollar is the 13th most heavily traded currency on the planet.