Many Malaysians stocking up on Singapore dollars, US dollars as ringgit weakens
PETALING JAYA (THE STAR/ASIA NEWS NETWORK) - Speculation that the Malaysian ringgit will continue to weaken has led many Malaysians to stock up on United States and Singapore dollars in the hopes of a profitable cashout in the near future.
There has been obvious increase in demand for both currencies in Malaysia lately, with some moneychangers even running out of stock.
Imbasan Kapital at Ikano Power Centre was left with just US$1,500 when The Star paid it a visit yesterday, and its staff revealed that not many customers were selling the currency to them at the moment.
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