
What a dismayed to see ones nation currency taking a nosedive and plunging further albeit the economy is thriving and politically stable. While everyone has started tightening their bellies to weather inflation storm with another wave of currency crisis could have dampened or aggravated spiritually, emotionally and physically.
First, we had the rice shortage which affected nearly the entire Asia nations when rice is the staple and feed billions of peoples. However, that was a bitter pill to swallow even though land of milk and honey Asians countries are not spared. Second, there came World Oil Price Sky-Rocket. The life-span of this oil crisis may not be long but hanging there for several months has given enough time to kill off world economy. It was lethal enough to bust many already globalised or multinational organizations.
We are a blessed land with abundant of natural resources “You name it, we have it” many nations envy and yearn for it somehow we hardly exerted ourselves and capitalize them. Pathetically, in terms of economy or business, we are more or less under the heel of a tiny neighboring country, our ex. I remembered that not long ago when I visited some friends of mine whom grow tropical fruits back in my hometown, to err on the side of caution they have carefully pick and chose the very best of theirs produce for export to Lion City. The lower graded or probably the non-exquisite ones were channeled into the domestic market. I reckoned this wasn’t the recent trend or business strategy but it has been going on for ages. Why can’t we have the best & the others for outsiders? Obviously, is ours. We are the priority. Don’t we deserve the better one? By my reckoning, perhaps we need the foreign exchange so desperately or maybe we need to heel down for a living. To make a mockery of our goods, prices are pressed to bottom and possibly longer credit terms are employed.
The present value of our currency is sorely weaker against many foreign countries. Whenever its fall, almost no possibility of resilience..
Thursday, September 24, 2009
The Plight Of Our Currency
Posted by Present and Past at 12:53 AM
Labels:confe Money Matter
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