Tuesday, 13 December 2016

Bank Negara Malaysia. Setting The World On Fire

Is a current US top ten hit for Kenny Chesney and Pink.

Well, despite what Bernama and NST would want you to believe, that Bank Negara's move to force exporters to only hold up to 25 per cent of their monies in foreign currency was going to be Setting The World On Fire.

What has happened now is, the US Dollar is much stronger than it was when Bank Negara Malaysia, came up with this policy without providing an independent and feasible trading platform as opposed to the current NDF market.

With that, nobody is going to be Setting The World On Fire, except Uncle SAM, especially since RM4.45 buys one Dollar.