Singapore PM Wong rejects weaker currency as shortcut to competitiveness
Summary
Singapore Prime Minister Lawrence Wong has dismissed the suggestion of weakening the national currency to improve economic competitiveness. The leader made it clear that the city-state will not rely on exchange rate depreciation to drive its market performance.
Singapore Prime Minister Lawrence Wong pushed back against the idea of weakening the city-state's currency to boost competitiveness.
Source: Read the full story at US Top News and Analysis
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