malaysia and indonesia suffers the same problem. depreciating currency.
This is because singapore is sucking all the money from their palm oil and mineral extract.
these money were never remitted home but parked in sinkie banks. sinkieland, without palm oil and logging and coal mines but got all those money from it.
Their currency will only depreciate even more unless foreign investment comes in huge numbers. but who want to invest in a country with depreciating currency. in the long run, investors will lose.