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KEEPING A DISTANCE FROM DOLLARIZATION (int'l edition)

In ''A heavy hand in Hong Kong'' (Asian Business, Sept. 7), the article quotes sources saying that ''Hong Kong's elite Central Policy Unit is at least exploring dollarization [of Hong Kong's monetary system] with Washington.'' This is unfounded. We have not looked into the issue of dollarization, and we have not been in touch with Washington.


Gordon K.C. Siu
Head, Central Policy Unit
Government of Hong Kong
Special Administrative Region
Hong Kong


Updated Sept. 17, 1998 by bwwebmaster
Copyright 1998, Bloomberg L.P.
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