Among the reason that has been given by the government up to the extent that the oil prices are getting higher is because of the weakening state of the ringgit in the international money exchange. Logically, because of the ringgit is getting weaker the price of imported oil barrels are getting higher. Even though we know that the money exchange is not stable as war is brewing in the middle east between USA and Syria, the fate of our currency being left out in the open is truly a baffling move by the government. According to economic experts who are close with the Pakatan Rakyat, the currency of a country like Australia and Singapore are strengthening as we speak. How can only our currency is affected? This is pure non-sense. Question arises in everyone minds are that, this problem never occurred during Anwar’s time being the Deputy Prime Minister. This excludes the overwhelming issue of the Malaysian currency by Bank Negara to ensure the stability of the ringgit in the 90’s. But that is not because of Anwar’s intervention, but actually it’s a mistake made by the Bank Negara itself at that particular time. Because of this particular mishap, the Bank Negara Govenor, Tan Sri Zeti Aziz has to resign as immediately as possible. If she fails to explain to the people why the biggest ever decline in the Malaysian stock exchange can happen. If everyone still remembers, the oil price hike in the international arena and the decline on the ringgit is among the excuse made by BN to justify the cut of the oil subsidy in this country. Because of that, the administration of the nation’s currency is put fully under the watchful eyes of Zeti, and then she should be responsible with the entire mistake she had done. Maybe if our currency is not stabilize, because the BN government will not give any excuses to punish the rakyat with the cutting of oil subsidies in the country. |
Tuesday, September 3, 2013
Ringgit is getting weaker: Zeti Must Resign
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