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Sunday 29th March, 2015 rss LBR Mobil rss rss rss rss rss Videos Newsletter
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Comments in Chronological Order. Total 0 Comment(s)
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dirk
2012-01-25 1:50 PM

Overnight depreciation was a horrendous decision! If you notice from that day onwards the economical system started seeing some imbalances. Government should think twice before making any dreadful decisions.
Shaik Ahamath
2012-01-26 10:51 AM

Depreciation is a dreadful exercise at any time. However it is worse when nobody else is doing it. We missed our chance in 2009 when currencies across the world were being depreciated, our Central Bank stood firm, rendering our exports uncompetitive, but imports cheaper. For a while we stood tall with the strongest currency in the world and that was all. Our imports exploded out of all proportions and our tea and rubber exports lost out to Kenya, India, Malaysia etc.
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