tag:blogger.com,1999:blog-27256617.post8073607762205778934..comments2024-02-19T03:21:42.482+08:00Comments on CHARLES HECTOR: Dropping Ringgit - Migrant workers worst affected now, but soon all in Malaysia may experience the same?Charles Hectorhttp://www.blogger.com/profile/10962669552161424734noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-27256617.post-33844991498959042015-08-22T15:51:42.626+08:002015-08-22T15:51:42.626+08:00Apologies - the blog posting has been edited...to ...Apologies - the blog posting has been edited...to make the necessary corrections. It was a rushed blog post..Thanks for highlighting Charles Hectorhttps://www.blogger.com/profile/10962669552161424734noreply@blogger.comtag:blogger.com,1999:blog-27256617.post-61054913650214325102015-08-21T12:04:31.555+08:002015-08-21T12:04:31.555+08:00please check your spelling and please at least rea...please check your spelling and please at least read it back once, before you post.<br /><br />"Migrant" workers sending back money to their home country is in fact one of the problem why RM is weakening. Basically by sending money back to their homeland, they actually dumping RM into the the global market by buying their HOMELAND currency. Any exchange in buying or selling paper money will affect its value on global market. <br /><br />Yes, the weakening of RM sure do affect migrant workers, but ask your self, if all they did is keep sending money back home (buying their currency and dumping RM) this will only increase the value of their currency while at the same time lowering ours. So to combat this issue, you decided to "complain" how migrant workers have to struggle? how about giving an option of NOT sending back most of your income back home, and shop more inside this country?<br /><br />Not only it will increase the economic growth (by spending inside the nation) it will also strengthening the value of the currency. REMEMBER, for every ringgit that your keep under your pillow (not spending OR sending it outside the country) is another ringgit that some one else cant earn.<br /><br />of course you will say, but the main reason they come here is to send money back home. of course. but then dont complain. if you want to be part of the problem, dont cry about where are the solution. get out of the problem and be part of the solution.Itchy Bottomhttps://www.blogger.com/profile/18041402546841406110noreply@blogger.com