https://sg.finance.yahoo.com/news/mas-responds-to-us-report-says-it-does-not-engage-in-currency-manipulation-070614263.html
It is a common knowledge in the world that SG uses currency and not interest rates policy to manage its economy. Therefore, it is pointless to respond to the US watchlist report because the US won't listen due to its unilateralism culture. SG is partly to blame for grooming the unilateralism mindset in the US because we've been supporting and pursuing US political interests. The day of reckoning is here and we've only ourselves to blame.
http://sg-stock.blogspot.com/2019/05/the-us-is-targeting-singapore-malaysia.html
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https://sg.finance.yahoo.com/news/china-says-u-not-position-judgment-other-countries-074411014--business.html
Just look at China's response compared to SG's.
Why do we need to justify our currency policy to the US? We are not a vassal to the US government!
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