How do you feel MYR fall inflation high

Last activity 06 October 2015 by ghgoh123

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skbanakarActive member30 September 2015 07:27:59

Hi Guys please share your views on MYR fall & inflation

walter0202Member30 September 2015 07:36:13

If you are sending money outside to your home ,then dont for next 3 months.

It is only going to worsen.

carlyle1979Serial expat30 September 2015 07:36:52

440

Feel terrible. Guess expats are at the mercy of the malaysian economy.

skbanakarActive member30 September 2015 07:40:52

Some are saying it may go up to 5+ to USD. I am wondering, whether malaysia govt help in any way...not only for expats including locals..

ghgoh123Active member06 October 2015 03:32:00

Its going to be a permanent feature .. RM4.5 to 4.8 to the USD. Reasons:-
1) World economy slowing and malaysia exports oil and commodities are highly dependent on this
2) Much borrowings and bonds are foreign..40% average. And they're going to pull out anytime soon.
3) An estimated 3-4million legal and illegal immigrants expatriating roughly RM 5-6billion annually AWAY from Malaysia. This is not replaced by higher income or productivity as the skillsets are poor at best. This is highly unsustainable.

Its a given this will happen, and as both a host citizen and a Malaysian, I regret to inform you it might be time to adjust to the new reality. Maybe try somewhere else, or upgrade your professional skills?

Reg Jake

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