1. I read a very interesting article by people in my favorite newspaper, Daily Express last Sunday August,26 2012 titled " HOW OUR CURRENCY FARES TODAY AGAINST SPORE,BRUNEI.
2. In the early days of independent, one ringgit malaysia (RM1) was equivalent with 1 Brunei dollar (B$1) or 1 Singapore dollar (S$1). However nowadays our dearly ringgit Malaysia is valued at RM1=B$0.396 (B$1=RM2.523) and RM1=S$0.400 (S$1=RM2.499). Our money has become small and no value!!!
3. One very good example is automotive industry. Car (Sedan Toyoto Brand) for example in early '80s only cost below than RM10,000 with the nominal income of RM1,500. Now, it has cost RM85,000 for the same brand and type! When our national car was introduced, it help the low income group to own a car. I think PR should go reviving the currency RM value rather than try to reduce the car price.
4. Same goes with the other product. Last time roti canai in early '90s only cost below than RM1. Now in 2012, price has gone up to RM1.50. The size and taste also somehow smaller and less tasty.
The economists are blaming the world rising cost of operation/production. However, if we could maintain our currency value, I believe our expenditure wouldn't cost as much as today.
5. The government must gives effort or look for alternative on how to reinstate the RM value.
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