When The Ringgit Is Open To Foreign Trade | Ramblings of an e-trader

Friday, 23 March 2007

When The Ringgit Is Open To Foreign Trade

That is the time when Paypal will open its facilities to Malaysians. This is what I think. On one hand, it will be good to have Paypal open to us and we will be able to initiate direct withdrawal to our local bank account. On the other hand, such a move will open the Ringgit to the big bad world outside and market forces which may be unkind to it.

Therefore, when the Ringgit is once again a freely traded currency, we may or may not enjoy a good Ringgit - US Dollar exchange rate.

Maybe with an open Paypal facility and a lower exchange rate, it will be still better than what we are getting now? At least people will not be risking their Paypal funds to unscrupulous people who claims that they are able to trade Paypal funds with local currency. Either way,
Please Let Us Withdraw Our Paypal Funds easily.

0 comments:

Post a Comment