Malaysia’s Foreign Reserves Down By US$34 Billion

Posted: February 24, 2009 in Bank Negara, Malaysia, Malaysia Foreign Reserve, Malaysia Today, Malaysian Economics, Malaysian Politics

According to Bank Negara, over the last eight months, Malaysia’s foreign reserves has plunged by US$34 billion. It has dropped from a high of RM125.8 billion on 30 June 2008 to US$91.6 billion as at 13 February 2009.

What is happening here? It is difficult to understand how claims are made that our country is marching towards progress and that everything is honky-dory.

There is stark contrast between what is reported in the newspapers by politicalmasters and what is happening in real life as though there is nothing wrong in our proverbial State of Denmark. The political masters keep spinning and they say if there are problems, it is all due to the unreasonableness of the Opposition. This approach is disturbing to say the least.

Malaysia today is on a downward spiral. Unfortunately, discipline, impartiality, fairness and honesty — all such elements, are becoming rare indeed.

 I feel genuinely worried for this country.We can move forward only if there is accountability. Do we?

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