KUCHING: The introduction of a state-owned currency is a personal opinion raised by Datuk Seri Alexander Nanta Linggi.
In clarifying this, Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg described the matter as a complex issue.
“That is a very complicated issue. So, it may be a personal opinion by Nanta Linggi.
“We have to study the details. We already have the Malaysian currency, so we will just follow the Malaysian currency,” he said.
He made these remarks when met by reporters after officiating at the State-level 2023 National Anti-Scam Roadshow at the Borneo Cultural Museum here today (Sept 2).
On Friday (Sept 1), the Works Minister expressed his opinion on the possibility of the state introducing its own currency, considering the unpredictable economic conditions in Malaysia.
According to a news report by FMT, Nanta mentioned that the move to introduce a Sarawak currency was something that could be considered if Malaysia’s economic conditions become less favourable.
“If Sarawak’s economy is doing well while the national economy is not performing as expected, perhaps Sarawak could consider having its own currency.
“If Sarawak is better off than others, why not? This is what I’m trying to emphasise,” Nanta said.
He discussed this in a podcast to mark National Day and Malaysia Day, entitled “From Malaya to Malaysia: 60 Years,” which was released on Friday.
Nanta also expressed, “I hope people do not label me as a traitor, but I’m discussing this seriously. If we are successful in developing our economy, then, by all accounts, our economy should be strong.”
However, he did mention that under the law, Sarawak would not have the authority to issue its own currency. Under the Federal Constitution, only the federal government has powers over currency.
Bank Negara Malaysia is empowered by the Central Bank of Malaysia Act as the sole authority to issue currency in Malaysia. The law defines Malaysia’s unit of currency as the ringgit, divided into 100 cents.
