Is a 1986 hit for indie rock group, The Smiths, taken from the album entitled the World Won't Listen.
Bank Negara, the world won't listen to your plan for them on how to behave with regards to the Ringgit offshore trades.
But that doesn't mean the world won't PANIC, when your letters to foreign banks are leaked, and you JUMP with Joy to confirm the LEAK.
Reuters have the story. READ below :
By Saikat Chatterjee and Jongwoo Cheon |HONG KONG/SINGAPORE
(Reuters) - Foreign banks have been asked to make a written commitment to Malaysia's central bank to stop trading the ringgit in the offshore non-deliverable forwards market in the bank's latest move to protect a weakening currency, banking sources said.
Foreign banks have been sent a form letter to sign, which asks them for an "unconditional representation and commitment" to stop trading in any offshore Malaysian ringgit MYRNDFOR= non-deliverable forwards or offshore derivatives.
The letters were sent by banks in Malaysia who hold bonds and other Malaysian assets as custodians for foreign banks. The form letters are addressed to Bank Negara Malaysia.
