Malaysia's central bank ordered commercial banks to exchange the board. If there is a currency in the country. Spinning for money.
Traders said the Bank of Seneca Lake, or the central bank of Malaysia. Notification according to daily exchange rate board called ABSIRFIX01 by letting banks know since last week. The board shall be determined by the Board of Directors of the Bank in Singapore. To exchange foreign currency with the Currency Ringgit Malaysia. Bank in Malaysia to change the exchange rate, which is called MYRFIX02 exchange rate of the foreign representative.
Exchange rate based on both the boards of directors of both banks. Difference between the reference rate of Singapore is derived from the banking business outside Malaysia. The new reference price used by the Central Bank of Malaysia banking business in case a reporter asked the central bank to Malaysia. I have not seen any of it.
Announced above. Occurred at a bank in Singapore. The fact that the trader was investigated for a group of conspiracy to money spinning ringgit. And other Asian currencies. Including the Indonesian rupiah and the baht, Thailand's Bank of China has announced an investigation in September last year.
Sources revealed that some bank officials were investigating reports of Singapore's central bank and male involvement. Many banks and traders were suspended in connection with the investigation.
The central bank in Singapore. No comments were issued by the central bank spokesman said only that. The case is under investigation. Singapore officials had said earlier that Banks should take strict disciplinary measures against officials who were involved with the offense.
According to probe the exchange rate between the reference rate set by commercial banks, 17 of the total money in the foreign exchange market, such as Deutsche Bank, UBS AG, and Standard Chartered. And a reference to the advance of the delivery contract. Or NDS software. The Company and the Bank to prevent the risk of currency fluctuations. Used to predict the amount or direction.