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Oops I did it again - this moment I speak with my phone regarding financial policy in the Gulf States as well as my suggestion that these nations should peg their currencies to the oil cost or a basket of the oil rate as well as the United States buck. I'm publishing this because of a conversation I had yesterday, attempting to describe ideal exchange rate plan when faced with a terms of trade shock. At the Monetary Plan Committee (MPC) conference today, Financial institution Negara Malaysia chose to preserve the Overnight Plan Price (OPR) at 3.25 percent.
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