Quote:
Originally posted by DNAT
USD or SGD? thot SGD only hit 8000 - 9000 max ... for short while, then the central bank & IMF stepped in liao ....
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Against Sing dollar lah. I heard this from a driver friend in Balai. At one stage, it hit 9K plus at the black market rate. People were speculating that the Indo govt would collapse and the economy would crash. They were afraid that the rupiah would become worthless so they want to dispose off their rupiah quickly in exchange for foreign currency.