Correct. The Arabs and Chinese did pledge the money. But how soon these funds are being transferred in and where these funds being pumped into remains another question. And how our government "manages" the funds is another question.

if wanting to buy usd/sgd/aud with rm, but not buying now, waiting.. will be right if...

1. rate hike happens on mar 15.
2. bnm continues to use reserves to "peg" rm to the $.

me, i am buying 1 but not 2.

that basically is the view anyone need to take.

And that... is a possible scenario.

If that will be the case, $ drops, RM follow?

If RM follow, it will drop against all other majors... sgd, aud...

So, better buy fx now or later?

Just hv to hold a view n run with it.

If diversified already, it may not matter much overall.

You think MY govt will do the same thing here?

Your keyboard rosak bro?

looks like this scenario has happened.
case of "buy on the rumor, sell on the news"?!

after rate hike, $ weakened... rm down with it.

those who recently bought SGD, AUD... 

YES, bro AV,... my observation looks like it has repeated this time,..and yes, glad I bought earlier,....

But,... frankly, I really don't like this type of volatility even though I made quite some amt of $$$ this time,... I'd preferred to have certainty,...

Go check midvalley la
Like that 3.2 is possible  

Hi peeps, I asked this in the FSM thread but wonder if you guys here have a different view point.

I recently came back to Malaysia after close to 2 years of earning foreign income and brought back with me some foreign currency (from the former land of convicts) which is sitting in my FCA now...

With the current weakening RM, should I convert it out to RM and then invest in funds or should I just keep it in the FCA without earning any interests to hedge against the historically downward trend of RM?

Dilemma. Sifu please advise 

You are no longer staying there. So you will be taxed with holding tax. But consider this. a 6% in in AU (after tax) vs a 6% returns with depreciating currency yearly, I think the choice is clear.

Highest foreign net inflow since 2013
http://www.thestar.com.my/business/busines...low-since-2013/
Good for MYR     

Hopefully this is true. This will help bring up the RM a little. However Im skeptical because The Star is a government 'propaganda' paper. 

Anyone read this ridiculous rule by BNM?
https://forum.lowyat.net/topic/4229770

Highest foreign net inflow since 2013
http://www.thestar.com.my/business/busines...low-since-2013/
Good for MYR     

RM still depreciated today.

KUALA LUMPUR (March 22): The international reserves of Bank Negara Malaysia (BNM) slipped 0.1% to US$94.9 billion (RM425.5 billion) as at March 15, 2017 compared with US$95 billion (RM426.3 billion) as at Feb 28, 2017.

Bro, to be fair to BNM, this is not a new rule on forex control. It is just that previously the banks did not implement it strictly.

I still remember many years ago (like 7-8 years ago) my fund from overseas was withheld by the bank asking me for documents. I eventually provided the documents and solve everything. It took a few days. After that, I told off the bank saying if next time you still hold my fund from overseas, then I won't use you any more. Since then, no more asking of documents. I think is bank giving convenience to their customer, and did not follow BNM rules. Not that it is not required by BNM. But the bank is trying to make our life easy.

It seems that BNM now has asked the bank to follow the instruction again. So the bank has no choice but to follow. The purpose I can think of from the bank point of view is to prevent dirty money from leaking into the banking system. So they are just doing their compliance job. Since the rule is there years ago.

Just a few months ago, when TT money out of malaysia, the bank is so paranoid that they requested every single documents they can get from you. But now everything is back to normal. Because banks have clarified with BNM that nothing has changed. So my recent transfers were all very smooth. Of course, you must help the bank by providing the necessary supporting documents and follow all the rules. Then everything no problem...

For MBB to request documents for in-coming TT, it is just a matter of getting use to the procedure...

SGD poised to get stronger:

i had planned to sell some SGD for RM expense at month end.

with that news, i think i will hold a bit longer.

Its 3.165 at our fav money changers now. 

No signs of it dipping except for a short while last weekend.

So many times same story over and over again, wait for this wait for that announcement, in the end  Sgd keeps going up and up against Myr. We just have to accept that Myr is just going down the drains.