Calling currency trading manipulative, Dr M moots gold as new standard | Malay Mail

Prime Minister Tun Dr Mahathir Mohamad speaks during the 25th International Conference on The Future of Asia in Tokyo May 30, 2019. — Bernama pic

“We can make settlement using that currency . That currency must relate to the local currency as to the exchange rate and that is something that can be related to the performance of that country. “Just because that one country is affected, there is infection to the other countries. Malaysia was very stable way back in 1997... but because of the problem occurred in Thailand , they said we must peg the Malaysian currency also.

“When it is depressed, of course, you can buy and sell it at a higher price when it comes up. This currency trading is not something that is healthy because it is not about the performance of countries but it is about manipulation.

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