tag:blogger.com,1999:blog-7743253625608807450.post871774428240540396..comments2023-09-15T22:59:58.951+08:00Comments on Salt, Pepper ANd a little Kicap (SPAnK): Of Najib, Obama and ProtectionismSimon Templarhttp://www.blogger.com/profile/03880417499690433688noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7743253625608807450.post-86043413429412708912009-11-17T22:58:23.447+08:002009-11-17T22:58:23.447+08:00No doubt that keeping the ringgit high (i think yo...No doubt that keeping the ringgit high (i think you mean low relative to the USD because high ringgit casues exports to be expensive and vice versa) is beneficial for the exporters. But remember, it makes imports very expensive. And we are a country that relies heavily on imports because our economy is so protected that many things produced are sub-standard. (our economy is predominatly export oriented because our domestic market is small) So who suffers with a high exchange rate? The rakyat again.Anonymousnoreply@blogger.com