I’m utterly perplexed as to why the “camel” currency was in circulation in one of the poorest state in this country(Malaysia).
Each dinar is worth RM180 and one dirham is RM4.00. If I pay for something that is less than RM4.00, how would I be given my balance? And another “weighty” problem; how do I go about carrying those coins?
Seriously, this is not something to be taken lightly. This is not playing “masak masak”! Many things have to be taken into consideration. All must benefit and more importantly, the usage of this currency in that state must be recognised globally and must be economically sound! Making a “village” transaction is not going to help in any way!
I do not foresee anything great for the moment! More than 1,000 stores would be using the coins for their daily transactions and I wonder how they keep the coins “in one place” after they close for the day.
What have the banks to say about this? Are the banks prepared to accept the coins? Would the bank oblige, say, if someone wants to deposit more than a thousand of the coins?
All I can see is a “sand storm” ahead.
Sunday, August 15, 2010
"Camel" Currency.
Labels: camel, currency, money, transaction.
Posted by Wang at 10:16 PM
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