• Short Summary

    Singapore and Malaysia have severed their currency interchange- ability deal. The move announced earlier this?

  • Description

    Singapore and Malaysia have severed their currency interchange- ability deal. The move announced earlier this week, has underscored the drifting of ways between the two countries as a result of sharpening economic competition.

    Bankers in Singapore have stressed that Malaysian dollars will fetch the same prices in Singapore for the next three months, but that after that the rates will be subject to change.

    The Malaysian government, in announcing the split, said that Singapore's leading position as a trading market and financial centre was making it difficult for Malaysia to develop its institutions and finance programmes.

    It was also announced that Malaysia will shortly open its own stock exchange, rather than deal through the Singapore markets as in the past.

  • Tags

  • Data

    Film ID:
    VLVACFKXTJ1930FH15N4T3IMJP83
    Media URN:
    VLVACFKXTJ1930FH15N4T3IMJP83
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    09/05/1973
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:00:57:00
    Time in/Out:
    /
    Canister:
    N/A

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