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Use dual-currency method to tap funds of Malaysians in S'pore: forex strategist

Short-term measure would boost liquidity in system and stem ringgit's decline

Published Thu, Oct 8, 2015 · 09:50 PM

Kuala Lumpur

AS a temporary measure to inject more liquidity into the system and stem the decline in the ringgit, a foreign exchange strategist has suggested Putrajaya consider a dual-currency investment mechanism that taps the savings of the hundreds of thousands of Malaysians working in Singapore.

Independent interest rate and foreign exchange strategist Suresh Ramanathan said out-of-the-box and alternative strategies are needed in the current currency crisis that has gripped Malaysia.

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