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      "text": "In February 1973, with the US struggling with inflation and Vietnam war debt, USD was devalued against gold by 10%\nHK responded to this USD devaluation and adjusted its currency to maintain HKD's price relative to gold, implying a 10% revaluation against USD\nFinally, in November 1974, without a reliable anchor, HK discarded the USD link and floated its currency",
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