Assemblyman Chris Lee questions DM Wan Fayhsal’s intention to print more ringgit notes for people to spend

Youth and Sports Deputy Minister Wan Ahmad Fayhsal Wan Ahmad Kamal suggested that Bank Negara print more ringgit notes to give to the people to spend.

Does Wan Fayhsal know history and how during World War II, the Japanese Occupiers simply printed currency without checks in Malaya? That led to high inflation and the subsequent worthlessness of the Japanese printed currency and thus the nickname “banana money”?

Does Wan Fayhsal also not remember the hyperinflation in Zimbabwe where a “One Hundred Trillion Dollar” bank note actually existed due to lack of control over their currency?

Perhaps Wan Fayhsal should explain how the government can strengthen the Ringgit to catch up to neighbouring currencies like the Brunei Ringgit and the Singapore Dollar? These currencies were once on par with the Malaysian Ringgit but it now takes more than three Malaysian Ringgit to exchange for one Brunei Ringgit and one Singapore Dollar.

So if Wan Fayhsal feels the all rounded solution to the people’s woes is to simply print more money, I seriously feel sad for the current leadership of the country.

Wan Fayhsal should just resign to spare Malaysia his logic.

CHRIS LEE CHUN KIT
PULAU TIKUS ASSEMBLYMAN


浮罗池滑区州议员李俊杰针对青体部副部长旺阿末费沙“直升机撒钱”救市论感惊讶。他反问难道身为一名副部长,不知道过去二战,“香蕉钱”的历史?

他说,当年,日本占领马来亚期间,随意印制钞票,导致通货膨胀后,“香蕉钱”就一文不值了。

他还反问,旺阿末费沙难道忘了津巴布韦的恶性通货膨胀吗?由于该国缺乏对货币控制权,所以是拥有“一百万亿美元”钞票。

他认为,旺阿末费沙利用解释政府要如何让令吉追上邻国,文莱和新国的等值。过去,马来西亚令吉与文莱和新国钱币是相等的,但目前却要“一对三”的币值了。

他表示对一名副部长言论感到心寒,并认为他必须辞去现有职位。

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