Singapore’s central bank on April 14 tightened its monetary policy stance for the first time since 2022 to allow for a stronger currency in the face of soaring oil and natural gas prices from the Iran war. But how will a stronger Singapore dollar help with lowering the country’s inflation?
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Sgd is now weak against euro still weak and have been in decline
People singpr also buys more from other weak currency country
Making the Sing dollar stronger doesn’t come free. MAS needs to spend money to defence Sing Dollar. It’s not free.
textbook info…crap u learnt in mianstream schools…the final cost is dependent heavily on the final seller, eg if toyota importer does not take into acct the exchange and maintain or increase price, the mechanism fail. worse in sinkieland sellers take the chance increase price..so get real yah
Thanks to PAP Singapore is very strong.