Tan: The Singapore dollar hasn't weakened due to interest rate differentials like other currencies.
The sustained weakness of the local currency is perplexing, given that the economy grew at an average annual growth rate of 7.3% from 2000 until 2020.
THE ringgit’s weakness has made headlines again. The impact on the economy could be substantial if this prolongs, as some 60% of our food supply is imported at present, which complicates moves to contain inflation.
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