Consumer Groups: Don’t Panic Over Ringgit Drop,, Just Buy Made-In-Malaysia More News
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 Jul 7 2015, 10:51 AM
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#1
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Senior Member
1,165 posts Joined: Jul 2008 From: Kami's Palace  
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i was wondering. why now we did not tie up our currency like last time 97 did? current currency is lower compare to that time tho.
also no action from our gomen to curb from continue falling. like inflasi sifar, beli barang buatan malaysia campaign like last time. we know la ringgit weakening. but why no action wan. haiyoh |
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Jul 7 2015, 11:04 AM
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#2
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Senior Member
1,165 posts Joined: Jul 2008 From: Kami's Palace
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QUOTE(Artus @ Jul 7 2015, 10:57 AM) Last time we had imposed capital controls and pegged the ringgit to 3.8 because our foreign currency reserve levels were very low. Now our currency reserves are high, so no need to bother. If we were to defend the ringgit, a lot of the currency reserves would be wasted. Do we really want that? oic. ya. i did recall mahathir mention now our foreign capital reserve is billions and way more than 97 that he said to use it for better purpose rather than keep it stagnant. |
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