LETTERS: The ringgit's recent depreciation has become a focal point in many discussions.
Although the heightened interest in Malaysia's economic outlook is a good thing, it is unfortunate that the local note's performance has been heavily politicised.
There are claims that the recent depreciation is a reflection of economic mismanagement. But to what extent is that true?
What is clear is that it is not all doom and gloom. Most, if not all, analysts expect the currency depreciation to be temporary, and that the matter is not unique to Malaysia.
We are living in challenging times and countries face unprecedented foreign exchange headwinds.
Instead of playing the blame game, we must hold productive discussions on economic fundamentals and reforms, which require time to implement.
The economy is like a tanker ship. If we keep changing the captain and, therefore, the direction, we will end up at the same place in the middle of the ocean.
It is time for us to heed former Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah's call for stability and allow structural reforms to be implemented.
We must not succumb to populist narratives, which will derail our economy.
WONG TECK JIN
Petaling Jaya, Selangor
The views expressed in this article are the author's own and do not necessarily reflect those of the New Straits Times
