ISMAIL Sabri assumed the Prime Ministership on August 2021, with Tengku Zafrul as his Finance Minister and Shahril Suffian Hamdan, a close ally of Khairy Jamaluddin as Economic Director of the Prime Minister's Department.
You don't have to worryYou don't have to hideYou don't have to play the part of living like a saintThere's no need to tryYou don't need the face onThe make-up and allYou don't have to slum it with the people in the streetYou don't have to crawl
TENGKU Zafrul might be many things but he is no fool, but on the other hand Shahril Hamdan has been READ : A strong advocate of Printing Money, which by the way is one of the reasons why the Sri Lanka economy crashed
THE government has been increasing Money supply which is known as M2 as the chart below will show, with the current total as at August 2022 stood at RM2.23 trillion or about double the worth of Malaysia's entire full year GDP.
HOWEVER, here is the catch, the M0 money supply, which actually tracks the real amount of printed money and coins in the market. READ: Money Supply M0 in Malaysia decreased to RM1.14 trillion in August 2022.
WELL it could mean a couple of things, and they are all not good. The M0 decline points to rising interest rates, a softer economy, loss in consumer confidence, steeper inflation and you got it A RUN ON THE RINGGIT
