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CommodoreAmiga
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Oct 22 2023, 10:27 AM
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QUOTE(Cubalagi @ Oct 22 2023, 10:20 AM) At current levels, Im not converting MYR to USD anymore. In fact doing the opposite, but a little only. Started to change some loose USD notes in my posession to MYR. Later RM7 to USD 1....
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CommodoreAmiga
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Oct 23 2023, 07:07 AM
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QUOTE(legolas @ Oct 23 2023, 01:36 AM) Wanna to hv some advise, I plan to move my capital RM to usd in long term, should I move to ibkr or multicurrency account which provided by many of the malaysia banks, ibkr with the interest 4.8% while local bank can give up to 5.8% per annum with 12 months term fd. I know ibkr without lock in, other than this what others benefit to move to ibkr, assuming my major objective is keep in usd few years with high interest rate. Thanks. In order to get IBKR 4.8%, you need to have $100k minimum cash balance. Which local bank has 5.8%? I am also thinking to open an MCA now, don't know to go with which bank. But now really painful...at RM 4.8. Last time I have moved some money to IBKR when it was RM 4.1. QUOTE(abcn1n @ Oct 23 2023, 12:09 AM) Malaysia I feel moving in the wrong direction. Heard that PM has got other countries such as China, Indonesia, Thailand to trade in RM. Not good idea if Malaysia is net exporter as it means less foreign currency for Malaysia to defend RM and to import necessities such as food stuff. You need lots of foreign currency so that speculators will not push your currency down and also to project strength for your currency. They need to learn from countries such as Sri Lanka, Latin America, Turkey I thought we are net importer? I am not too sure. This post has been edited by CommodoreAmiga: Oct 23 2023, 07:09 AM
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CommodoreAmiga
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Oct 24 2023, 10:10 AM
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QUOTE(batman1172 @ Oct 24 2023, 09:05 AM) Imagine if BNM Gov say: Ok peeps, we are screwed. I have no control of RM. Packing my bags to Singapore tonight. Already asked wife to convert alll RM to USD and SGD. See Ya!
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CommodoreAmiga
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Nov 11 2023, 06:48 PM
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QUOTE(Hansel @ Nov 3 2023, 12:07 PM) I think you better stop spreading the news abt the 30m USD abt me. You have not seen my statement,... I don't want to retire,.. emm,... don't think I'm near death yet,.. I just returned from helping out in a war-zone, and am thinking of going again if my wive(s) agree. LHDN Sila check ini olang ada banyak duit....
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