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  "documentTitle": "Hong Kong Dollar / Hong Kong Monetary Authority (HKMA) (HKD)",
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  "authorName": "Pershing Square Capital Management",
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  "presentationDate": "2011-09-14 00:00:00",
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      "text": "We Believe a 30% Revaluation to 6:1 is Likely",
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      "text": "Would bring HKD back in line with fair value\nIt would be sizeable enough to convince the market that this is a one-time event\nA revaluation is consistent with HK’s handling of prior Sterling and USD devaluations in the 1960s and 1970s\nHong Kong would retain the simplicity and credibility of the USD peg and maintain the current currency board apparatus\nIt would reinforce the HKMA’s and government’s credibility as responsible stewards of Hong Kong’s economy",
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