Please do not spread unfounded rumour that intend to spread fear, this is irresponsible act.

Even when 1997 crisis which was far worst than what we are experiencing now, there is no limit on withdraw from bank.
Capital control only imposed on 1998 was targeting only on money outflow to overseas, never on account withdrawal.

It makes no sense to impose withdraw limit from bank account, as it has no relationship to RM dropping nor can stem the RM dropping in forex market.
RM drop in forex market is because money outflow, not money withdrawal from account nor ATM.

If want to contain the speculative outflow of RM, a capital control is enough to stop it.

You need to understand why Greece impose withdrawal, because Greece is short of Euro mainly because they cannot print Euro on their own.

A half understanding can be worst than no understanding at all.
Do not blindly believe with "half understanding".

It is as same as previously people spread rumour that USD was going to be worthless due to trillions of debt, which urge people to rush in gold.

A "half understanding" and believe it, may dump all the USD and invest in gold, now may be suffering 30% losses, and miss the opportunity to reap current USD strength.

Even when 1997 crisis which was far worst than what we are experiencing now, there is no limit on withdraw from bank.

The more you wrote, the more you expose yourself you have very little knowledge on economics.

Cherroy has explained what you need to know. Google more if you still do not understand

Don't be so defensive when people pointed out your mistake. He is actually spending time teaching you. You are actually benefitting

But any reason for Zeti to say that?
Weakening MYR would mean it'll be more costly to service loan payable in USD. Ain't that bad for the economy?

Every sovereign country that has its own currency can print their own money, if not where the money comes from? 
Just the more you print, the less value your money will be aka at the cost of inflation, which may haunt you back.

That's why central bank generally will refrain from printing money, unless necessary, as you don't create 'wealth" by printing more money.

This is a fact, not only theory.
When US underwent QE time, they create extra trillion of USD, that's why we saw USD exchange rate plummeting across the globe.
Same with Japan QE, ECB QE.

Eg.
if you print 10 bil, then there is potential 10 bil outflow aka there will be pressure of 10 bil of supply to buy USD or other foreign currency
if you print 100 bil, then there is potential 100 bil money that want to exchange to USD.

100 bil selling pressure more than 10 bil, hence price will go down.
Basic of supply demand that dictates the movement of pricing.

Yes, please do not blindly believe anything, when you think the limit of 3K withdrawal unfounded rumour, it totally has no logic at all, so easily busted. 

The news about those money changers outside may be short of USD, is due to demand on physical note, not about liquidity.
Anyone still can exchange a few or hundred of million USD with banks easily.

The only reason why banks want to impose withdrawal limit is when they are short of liquidity.

Currently, liquidity between banks is ample, if banks are short of liquidity, you will see Klibor rate shooting to the roof particularly overnight rate and 3 months rate which serves as indicator what is the situation of liquidity in the financial market.

When there is a liquidity squeeze, you see interbank rate shoot to the roof like during 2008. (Libor rate for global banking interbank lending)

I read with interest exchanges between you guys...

Hansel just read your own posts here.
If you are not adding fire to the rumour then what is?
You can't blame them for reprimanding you.
More like you finally accepted that rumour is untrue ONLY after being lectured on basic economics by the 2 of them.
??More money means you must be right....

You may be very lucky all these while ? 

with yr diversification and quantum, yr prudence in "what if's", u will be the last person here to need advice.
anyway, the speculative predictions so far in this thread have been... 3.30, 3.80, 4.0, 4.1, 4.25, 4.46, 5.0, 6.0... take yr pick!

Professor job is to teach and research, and they are not financially poor by any standard.

Holding on to 4.2355 now

forgot to refresh?!

4.2580

http://www.bloomberg.com/quote/USDMYR:CUR

could be also because of Singapore GE? 

At my end, I believed hike or no hike from the FOMC is not a major concern anymore. We have to straighten our own house first. It is just too bad that the timing is against us. The US hiking int rates and the (revealing of the) scandals happening in Msia taking place at the same time. Just like the drop in oil price and the re-entering of Iran into the world mkts.

Two impt events I am looking fwd to :-

1) BNM OPR Mtg in September.

2) 2016 Budget in October.

Nice not to have any loans!

The so-called "dummies" are getting smart these days.. No more close eye / die2 top-up ASx funds to bail out Gomen