Sunday , August 1 2021

Govt cuts measures to protect the ringgit – Nation



PUTRAJAYA: The government can include measures to protect the ringgit as speculators continue to measure & # 39; a coin, says the prime minister.

Tun Dr. Mahathir Mohamad (pic) said that the ringgit should be protected from speculative devaluation.

The ringgit depreciation can be stopped by securing its value, it presented. (But) this will be against & # 39; a rest of & # 39; going around the world, to believe they are not good at confirming the value of ring git.

"But Malaysia can not leave the mark and ringgit and earn further through attacks by money speculators.

"If we are not careful, an economic crisis may recur", he said in response to a question from a Universiti Malaya student at Youth Questions Ask Tuning & # 39; sittings at the Perdana Leadership Foundation here yesterday.

The student was asked whether Malaysia would again be in an economic crisis, as it did in 1997 and 2008.

As the fourth prime minister, then Dr. Mahathir made an inexorable movement in 1998 in the US dollar.

He also strives for Malaysians to buy local products to keep the national economy strong.

"Buying foreign products will destroy the people," he said.

Dr Mahathir called the example of Proton's lower market party to say that consumers were still influenced by the remark that imported products were better. stimulated by racial polarization, Dr. Mahathir said it contained government to believe that it held their racial identity.

He said political parties were those against race-based schools, would lose in elections.

"This is the unfortunate reality of a democratic system in Malaysia," he said.

Note that there are no schools for schools in Indonesia, Philippines and Thailand, said Dr Mahathir that a single-stream school was the best option to promote health racial integration.

The Prime Minister deems the need to instruct English as an instruction for Mathematics and Science to create societies to master science and technology.

"We don't even have the technology to develop weapons for our national defense," he said.


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