00:00An economist predicts that the flow of foreign currency will weaken the value of the ringgit
00:07after the Malaysian people spent 130 million ringgit in southern Thailand
00:13on their long-term holiday last month.
00:17Goh Limtai from the University of Malaya said,
00:20although spending like that shows an increase in the power of the Malaysian people,
00:26the fact that this is happening abroad is able to have an impact on the local economy.
00:33He said that the more Malaysians exchange ringgit for foreign currency such as baht,
00:39the supply of Malaysian ringgit in the market increases,
00:42then has the potential to affect the value of the ringgit.
00:46He was followed by Ahmad Razman Abdul Latif from Putra Business School,
00:51who suggested that this foreign flow can be repaid by attracting more foreign tourists to Malaysia
00:58and encouraging them to spend more than the Malaysian people abroad.
Comments