Posted by soojinhou > 2016-12-06 13:12 | Report Abuse

Well, maybe rubber makers will all just relocate to Rubber City in Thailand. Thailand is dangling a lot of carrots, while BNM is using the stick.

Posted by paperplane2016 > 2016-12-06 13:15 | Report Abuse

they want USD

Posted by stockmanmy > 2016-12-06 14:37 | Report Abuse

Dig a hole to cover a hole

Posted by lazycat > 2016-12-06 22:26 | Report Abuse

50% sound more reasonable

Posted by Jay > 2016-12-07 07:58 | Report Abuse

it's chicken and egg situation, because all the exporters don't convert back to ringgit, so indirectly weakening the ringgit as we have less reserves. the weaker the ringgit, the more they don't want to convert.

the problem is such rules were not implemented in good times so now it looks more like a panic reaction and exporters not going to like it