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03-08-2022, 02:30 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
"The national reserves must not be disclosed. If this is made public, the SGD can be subject to attacks by currency speculators" is the mantra of the Singapore government. Enough of this nonsense.
First BIG LIE: Currency crisis happens when the exchange rate does not respond to market conditions. There is sufficient empirical evidence that such scenarios happen in cases of a pegged currency, ie the rate is fixed to some other currencies. In the case of Singapore, MAS manages on the...
Read more (https://www.sammyboy.com/threads/three-big-lies-about-the-national-reserves-that-you-should-know-about.326028/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/three-big-lies-about-the-national-reserves-that-you-should-know-about.326028/).
"The national reserves must not be disclosed. If this is made public, the SGD can be subject to attacks by currency speculators" is the mantra of the Singapore government. Enough of this nonsense.
First BIG LIE: Currency crisis happens when the exchange rate does not respond to market conditions. There is sufficient empirical evidence that such scenarios happen in cases of a pegged currency, ie the rate is fixed to some other currencies. In the case of Singapore, MAS manages on the...
Read more (https://www.sammyboy.com/threads/three-big-lies-about-the-national-reserves-that-you-should-know-about.326028/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/three-big-lies-about-the-national-reserves-that-you-should-know-about.326028/).