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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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  "notes": "The chart uses an inverted scale for HKD/USD to represent 'HKD Strength'.",
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      "text": "1967 14% Sterling devaluation – Countered by +10% HKD revaluation",
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      "text": "In 1949 and in 1967, Sterling was devalued. Shortly after the 1967 devaluation, the HKD was revalued by 10% against Sterling to preserve its purchasing power",
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      "text": "Source: “Hong Kong’s Linked Exchange Rate System” - Hong Kong Monetary Authority, p.34 (http://www.info.gov.hk/hkma/eng/public/hkmalin/index.htm).",
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      "text": "Sterling Link Abandoned (1972)",
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