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 Malaysia current economy ? Bad ?, RM devalue, high inflation ? Ur view ?

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TSIrresistible
post Jan 31 2014, 03:17 PM, updated 12y ago

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With the devalue of Malaysia currency vs major currencies, RM 3.35 = USD 1
RM 2.63 = SGD 1

Price hikes for many things, eg. petrol, electricity, food etc... High inflation..
Some said "foreign sell off " and "exit of foreign fund" (investment ), further weaken us. (If Malaysia fundamental is strong, why they will sell off ?)

1. Is Malaysia economy still fine ?
2. Has Our politician doing their job well to ensure our economy remain competitive ?
3. Why RM currency kept drop in value ? And it's more than 10% within months... Is this bad ? Reduce our citizen purchasing power ?
4. What measures our leader can do to make our economy better ?


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This post has been edited by Irresistible: Jan 31 2014, 07:01 PM
TSIrresistible
post Feb 4 2014, 06:21 PM

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QUOTE(danmooncake @ Feb 2 2014, 11:21 PM)
Cheaper currency is actually good for Malaysia exporters. Good for tourism.

Unfortunately, consumers in Malaysia will have to suffer because imports will be come more expensive.
Yup, that means you cannot eat broccoli but continue your diet with kangkung.  laugh.gif

Don't worry.. there will be a floor. RM is unlikely to fall below 1USD=RM 3.80.

This is the magic number that the Mahathir has set during his era and this is the number
where BNM will step in the stop the slide, should there be another currency crisis later.  nod.gif
*
1 USD = RM 3.80 shocking.gif
1 SGD = RM 3.00 shocking.gif


Now, a singapore koptiam helper, let's said getting SGD 2000 , equivalent to a assistant manager/manager of Malaysia RM 6000

 

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