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How Singapore’s currency club fell apart

Posted on 07 May 2013

Mukesh Kumar Chhaganlal said he tried to warn his manager at UBS AG about the “increasingly unrealistic” currency rates being set last year for the Indonesian rupiah against the dollar.
His manager told him nothing could be done because “there was no way to control the market or how people set the rates on the market”, according to court documents Mukesh filed in Singapore recently in his wrongful termination suit………………………………………..Full Article: Source


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