Singapore - To Engineer the Strongest Currency in 10 Years?

February 20, 2007

According to the International Herald Tribune, ING Bank is predicting sharp gains in the Singapore dollar this year as improving growth and inflationary pressures force the Monetary Policy of Singapore to tighten the eonomy by increasing the value of the currency.

Interestingly enough, the MAS manages the Singapore economy using the currency instead of exchange rates.

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Singapore is doing alot to spur growth. Last week, they announced plans to cut corporate taxes by 2 percent to compete with the corporate tax rate offered in HK