KUCHING: The issue as to whether Sarawak is ready to have its own currency in the future has received mixed reactions from the public.
When met by the New Sarawak Tribune for their views on the matter, some have raise concerns should the state government plans to have its own currency because it would require critical evaluation on the potential impact on the economy nationwide.
However, some have given their support to the idea because it would give Sarawak an opportunity to further create its own identity globally and further boost the economy of the state.
Earlier, federal Works Minister Datuk Seri Alexander Nanta Linggi in a podcast on Friday said Sarawak perhaps would introduce its own currency if the less than favourable national economy persists.
However, he did not state under which law Sarawak would derive power over currency. Only the federal government has power over currency under the Federal Constitution.
RITA SAMUEL, 55
Immigration Officer
I would agree if Sarawak wants to have its own currency in the future but this will have both positive and negative implications.
The introduction of a new currency for Sarawak has the potential to foster a sense of identity and promote local economic activities.
However, it also required careful evaluation and consideration of potential challenges and impacts on the relationship with the rest of Malaysia.
HEIZTER JOHN PETER, 28
Administrative Assistant
It is a good idea but we have to first study the future of our state’s economic situation and the impact it will have on Sarawak.
NORATESSY SAMUEL, 58
Teacher (Rtd)
In terms of technology and economy, there’s not much Sarawak could offer to foreign investors at the moment. Our research and development (R&D) and technology are still in early stages and have yet to build a reputation to achieve international certifications and prove its quality in the international arena. Only a handful of Sarawakian companies and individuals could compete in the international market. Furthermore, there are not many incentives for foreign investors to invest in Sarawak, let alone adopt Sarawak’s currency.
KELVIN DIAN KELAMBU, 22
Student
I agree with the possibility of Sarawak to introduce its own currency but it poses legal and practical challenges. While Sarawak’s improved economic performance is positive, establishing a separate currency will require significant legal and constitutional changes, as well as negotiations with the federal government. This should be approached with caution, as it represents a hypothetical scenario, and any discussions about currency and economic autonomy in Malaysia will require extensive deliberation and legal processes at both the state and federal levels.
MOHD HAIDIL SULAIMAN, 31
Entrepreneur
This matter is not just ‘talk’ but requires research to see the short-term and long-term effectiveness. Furthermore, Sarawak is a state in Malaysia. So if we use our own currency and not the Malaysian Ringgit, it will not reflect the unity of this country and may cause even more speculations and inviting social media disputes.
