Malaysia is saddled with a huge national debt unnecessarily.
The monthly repayment of these many debts denominated in foreign currencies will burden the Ringgit for a long time to come. As you have to supply more Ringgit gradually to be converted to USD (for example) owing to the depreciative of our currency, the value of Ringgit will suffer further expectedly. Unless, the people/country, by definition of the GDP, becoming more productive so the country can reduce the debts to strengthen the Ringgit.
The banks in the US are increasing the lending rates owing to the inflation in their economy.
Naturally, the funds which came out earlier from US will be lured to return either to reduce the borrowing cost or as maintaining the value of the USD, will cause a higher demand of the USD comparatively. Therefore the exchange rate for the USD against another currency will be increased not because the US economy has improved. The other economies will be dampen as the USD will be demanded in their respective markets because the local funds will be sold to be converted to USD for the onward return to the US shore.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by ks55 > 2022-07-17 15:30 | Report Abuse
That is the reason why Anwar cannot be the PM of Malaysia.