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 USD/MYR drop, V2

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burnthome
post Sep 25 2015, 12:18 AM

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QUOTE(yolldddd @ Sep 24 2015, 07:48 PM)
Imho worse come to worst most probally will be peg at 4.5 is it does comes to that.
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Don't dream... How we can pegged??? Federal reserved is fall below and we use what to pegged? Pegging means every 1 USD (if pegged 4.50MYR and market price is 5.00MYR), as bank negara will needed to pay the difference... For example, you buy USD 10 from ebay and bank negara will needed to compensate every 0.50MYR per dollar...

This is what we called pegging and not as simple someone said that easy... Every dollar that we spent will be cover by bank negara... Zeti governor cannot decide on this and only FINANCE MINISTER can do so... If pegging is happen, investor will leave and not buying anything from us due to pegging is higher price to them.
burnthome
post Nov 10 2015, 12:43 AM

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QUOTE(happyking4ever @ Nov 9 2015, 08:06 PM)
Sigh today drop again. What is causing it?
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Fed reserve hinting possible interest rate hike by end of this year... Worst yet to come..if the interest rate is hike and the currency rate will be up even higher.

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