• Short Summary

    Following Malaysia's announcement earlier this week Singapore's currency will only be useable in Malaysia up to and including the 19th of May, observers are speculating that the situation could development into a race to fluctuate the exchange rates between the two countries.

  • Description


    GV Bank
    4 ft


    CU sign
    5 ft


    Interior shots of bank
    9 ft


    Teller counting money
    13 ft


    CU of teller
    14 ft


    CU of customers
    16 ft


    Teller counting money from up to teller
    20 ft


    People counting money (2)
    24 ft


    GV of bank
    27 ft


    Bus arrive at border
    31 ft


    Immigration sign
    38 ft


    Passengers get off bus
    36 ft


    Money exchange sign
    38 ft


    Visitors changing money (3)
    48 ft



    Initials



    Script is copyright Reuters Limited. All rights reserved

    Background: Following Malaysia's announcement earlier this week Singapore's currency will only be useable in Malaysia up to and including the 19th of May, observers are speculating that the situation could development into a race to fluctuate the exchange rates between the two countries.

    Until this month, both countries observed mutual exchange rates which, in effect, allowed travellers to use either currency in either Singapore or Malaysia.

    The split has caused much discussion in monetary circles over which of the currencies will emerge the stronger.

    Malaysia, while having vast natural resources, cannot match Singapore's foreign reserve strength of an estimated 830 million sterling.

    Whatever rate international bankers may set for the two currencies, observers say a formal parity change of either currency is most unlikely.

    Both nations, particularly Singapore, are heavy importers and both would be anxious to prevent any rise in costs which could spark of a spiral of inflation.

    It was the lack of inflation which made both countries so attractive to foreign inventors and gave them economic boom conditions.

  • Tags

  • Data

    Film ID:
    VLVA2063BIT3D51TA3NVKINYI152E
    Media URN:
    VLVA2063BIT3D51TA3NVKINYI152E
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    17/05/1973
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:17:00
    Time in/Out:
    /
    Canister:
    N/A

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