Currencies
When then-Education Minister Anwar Ibrahim introduced “Bahasa Baku” or a standardised pronunciation of the Malay language back in 1988, he was trying to show that he was not only a hero of the Malay language, but also to impress upon fellow Malays that he was more Malay than the Malays – even more Indonesian than […]
... written on Oct 27 2023MIDF Research said in March that the Ringgit will reach RM4.00 against the U.S. dollar by end 2023. However, the Malaysian currency continued to drop, hitting RM4.66 in July. Bank Negara Malaysia (Central Bank), meanwhile, insisted that the weakness in the local currency “does not reflect economic fundamentals”. Conveniently, it blamed external factors, which was […]
... written on Oct 21 2023Afghani, the currency of a pariah nation called Afghanistan, is trading at 77 Afghani to a U.S. dollar. In comparison, Russian Ruble has depreciated to 99 to the greenback. This means the Afghani are more valuable than Ruble. Not bad for the ruling Taliban, who seized power about two years ago after the United States […]
... written on Oct 04 2023BRICS has expanded to include Iran, Saudi Arabia, the United Arab Emirates (UAE), Egypt, Ethiopia and Argentina. Following the 15th annual BRICS summit in Johannesburg, South Africa last week, the bloc of five major emerging economies – Brazil, Russia, India, China and South Africa – decided to admit the additional 6 new members, effective January […]
... written on Aug 28 2023If Selangor falls, it means the majority of the Malay community wanted a Taliban state. If Penang falls, it means the ethnic Chinese in the state deserved to be oppressed and bullied by the radical and extremist Perikatan Nasional for not going out to vote. If Negeri Sembilan falls, it means extremism and racism have […]
... written on Aug 12 2023Ringgit has been dropping like a rock since February this year, depreciating from RM4.24 to RM4.69 against the U.S. dollar. If it breaks the RM4.75 level recorded in November 2022 under the previous backdoor government of Ismail Sabri, all hell will break loose. The currency made a stunning recovery from RM4.75 to RM4.24 after Anwar […]
... written on Jun 27 2023The upcoming BRICS summit in South Africa will be absolutely interesting for two reasons. First, will Russian President Vladimir Putin be arrested? Second, will French President Emmanuel Macron attend the summit? The success of BRICS in the past years has seen a rising number of countries expressing interest to join the bloc, which was set […]
... written on Jun 23 2023On Wednesday (May 3, 2023), footage of two drones attacking the Kremlin in Moscow has gone viral. The stunning strike on Vladimir Putin’s residence has been described as “a planned terrorist act and an assassination attempt on the Russian president”. The explosion, however, did not kill or injure anyone because Putin was not present in […]
... written on May 05 2023Having learned from China, a country called India is making tonnes of easy money by buying crude oil from Russia before selling it to the EU. The fast learner has become Europe’s largest supplier of refined fuels, according to data from analytics firm Kpler. In March alone, India’s imports of crude oil from Russia touched […]
... written on May 01 2023It will not happen overnight or next month. And it will not lose entirely its reserve currency status next year. But the U.S. dollar is definitely losing its status at a faster pace than generally accepted. Western analysts and economists are simply in denial when they insist that the greenback is not going anywhere, let […]
... written on Apr 20 2023
