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Why Dinar will always be pegged to American Dollars?

Found this article in Jordan TImes. Really interesting. Seems like we don't have to worry that the rate gonna rise for sometimes. Hehehehe. This means we gotta spend it wisely (really???) not... Hehehehe. Well anyway thanks to Allah for His the only One have the power to do anything even when it is impossible. There's nothing impossible for Him.

And here is the text:

Jordan Times

Paper losses and real gains

"The Jordanian dinar has been pegged to the dollar at the rate of $1.41 since 1995. It stayed with the dollar when it appreciated by 20 per cent or more against other major currencies, including the euro, and it should stay with the dollar when it declines against other currencies by similar percentage.

More than one commentator expressed worry that the Jordanian economy may get hurt if the dinar stays pegged to the dollar, because a weaker dollar means a rise in Jordan’s foreign debt expressed in dinars or dollars, especially when some 40 per cent of Jordan’s foreign loans are denominated in euros and yens.

This worry is not justified because what the worried commentators are talking about is only a paper loss, which may show up in the present day statistics. Such a loss does not cost the Treasury a penny until such loans become due for payment in future years, when no one can predict exchange rates.

No one believes that the current depressed exchange rate of the dollar is going to stay forever. It is a cycle with continuous ups and downs. The reasons for the present low exchange rate of the dollar are of temporary nature, such as the real estate finance crisis in America and the involvement in high-cost wars in Afghanistan and Iraq. All these conditions will not continue forever, and the American economy will no doubt recover, as it always did after recessions.

On the other hand, one should take into consideration that the Jordanian Treasury is a recipient of lots of grants and foreign aid, mostly in dollars, in excess of the debt installments payable on yearly basis.

Thus, most of the loss on the debt side is of paper nature, but is more than compensated by real gains or avoiding real loss on the side of revenues from foreign aid.

The Treasury’s best interest is served by continuing the pegging of the dinar to the dollar, to maintain the value of foreign grants flowing into the Kingdom from America and Arab Gulf states in US dollars.

Likewise, the best interest of the Central Bank of Jordan is also well served by staying with the dollar, which forms the major part of the foreign exchange reserve. If we make the dinar stronger than the dollar, the foreign exchange reserve will lose $7 billion, almost equal in value to the foreign debt.

In other words, both the Treasury and the Central Bank see their interest in the same way, i.e., by staying with the dollar. They are the representatives of the so-called overall interest of the country.

The voices calling for the disengagement from the dollar may serve and encourage imports and outgoing tourism, and hurt and discourage exports and incoming tourism. This is obviously the last thing needed by the economy to repair imbalances.

The governor of the Central Bank resolved the question, upholding the pegging of the dinar to the dollar, not for political considerations that do not exist, and not because the dollar is sacred, because it is not, but in order to maintain monetary and economic stability and to avoid the negative consequences, some of which I mentioned above.

It is therefore time to close the files on the subject and stop arguing about an issue already resolved by the competent authority.


Fahed Fanek
24 March 2008 "


Well it's only something that they write on paper. Things may change without notice. Anyway Alhamdulillah. And may we all be blessed with his bless. And pray that this thing wasn't something to lead us astray from Him.

p/s: Hoping to hear good news from JPA (PSD) really soon. ;P
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Dr Basmullah is a free man!!!



Assalammualaikum.....

I think you guys have heard about Dr Basmullah, the first doctor in Malaysia to be jailed under the new medical bill (which I don't know which one). But the thing is he's free. He has been released on the 18th of March.

He already been in jail about 60 days ~ about 2 months. Kudos to Dr Basmullah.
That's all thank you.

p/s: next time you want to practice on your own, please remember to follow the regulations. it's made to protect you and the patients alike. to people out there private-practitioner-wanna-be please follow the rules or you'll face the same thing.

news from Malaysia Medical Resources
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Maulidur Rasul.

Apakah sambutannya suatu kemestian?
Mengapakah kita menyambutnya?
Adakah kerana menunjukkan rasa cinta.
Atau sekadar perkara biasa.

Lupakah kita tentang Baginda.
Yang sentiasa mengingati kita.
Hatta sehingga ke akhirnya.
Sentiasa dalam ingatan Baginda.

Bukanlah sambutan itu suatu kemestian.
Yang hanya berakhir setelah hari berlalu.
Tetapi dengan hati yang yakin.
Bahawa janji-Nya pasti berlaku.

Ingatlah rakan-rakanku semua.
Hidupkan sunnah walau di mana.
Tidak kira tempat ataupun masa.
Sunnah Baginda tetap dibangga.

Sempena dengan Sambutan Maulid Rasul kali ini,
saya ingin mengajak rakan-rakan sekalian berfikir
dan cuba ingati apakah yang telah kita laksanakan
sebagai ummat Baginda. Adakah cukup sekadar
dengan apa yang telah kita laksanakan? Ataukah
masih terlalu jauh? Fikir dan renungkan. Ingatlah
sambutan ini tidak harus diraikan tanpa mengenali
erti sebenar. Dan ingatlah bahawa Baginda tidak
memerlukan cinta kita. Sebaliknya kitalah yang
memerlukan syafaat Baginda, demi menjamin hari
yang cemerlang di sana kelak. Walaupun kau telah
lama pergi, namun tetap di dalam hati kami ini

Ya Rasulullah.
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New Cabinet had been announced.

Assalammualaikum....

It's time of the post-election time again. The formation of new cabinet. This time, with new faces being fielded and some old faces being dropped either because they lost in the 8th March GE or just because PM didn't want them anymore(LOL). Well I don't really know the exact cause. But what I wish is that this newly formed cabinet will do their job and not just another round of problems to people. Remember guys, the people already show their power. Better improve yourself before it's getting too late to do so. As for people out there, do give them hand with handling the country. But if they still 'cross the border', well it's up to you guys. May our country becoming a peaceful and harmony country.

And the list of newly-formed cabinet:

Prime Minister:Datuk Seri Abdullah Ahmad Badawi
Deputy Prime Minister: Datuk Seri Mohd Najib Abdul Razak

Ministers in the Prime Minister's Department:
Minister: Tan Sri Bernard Giluk Dompok
Minister: Datuk Ahmad Zahid Hamidi
Minister: (Sen) Datuk Mohd Zaid Ibrahim
Minister: (Sen) Datuk Amirsham Abdul Aziz
Minister: Datuk Seri Mohamed Nazri Abdul Aziz

Deputy Ministers Ministers in the Prime Minister's Department:
Deputy Minister: Datuk Johari Baharum
Deputy Minister: (Sen) Datuk Dr Mashitah Ibrahim
Deputy Minister: S.K. Devamany
Deputy Minister: Datuk Hasan Malek

Ministry of Agriculture & Agro-Based Industry
Minister: Datuk Mustapa Mohamed
Deputy: Datuk Rohani Abdul Karim

Ministry of Unity, Culture, Arts & Heritage
Minister: Datuk Mohd Shafie Apdal
Deputy: Teng Boon Soon

Ministry of Defence
Minister: Datuk Seri Mohd Najib Abdul Razak
Deputy: Datuk Wira Abu Seman Yusop

Ministry of Domestic Trade & Consumer Affairs
Minister: Datuk Shahrir Abdul Samad
Deputy: Jelaing Mersat

Ministry of Education
Minister: Datuk Hishammuddin Tun Hussein
Deputy: Datuk Wee Ka Siong
Deputy: Datuk Razali Ismail

Ministry of Energy, Water & Communications
Minister: Datuk Shaziman Abu Mansor
Deputy: Datuk Joseph Salang Gandum

Ministry of Entrepreneur & Co-operative Development
Minister: Datuk Noh Omar
Deputy: Datuk Saifuddin Abdullah

Ministry of Federal Territories
Minister: Datuk Zulhasnan Rafique
Deputy: Datuk M. Saravanan

Ministry of Finance
Minister: Datuk Seri Abdullah Ahmad Badawi
Minister: Tan Sri Nor Mohamed Yakcop
Deputy: Datuk Ahmad Husni Mohamad Hanadzlah
Deputy: Datuk Kong Cho Ha

Ministry of Foreign Affairs
Minister: Datuk Seri Rais Yatim
Deputy: Datuk Seri Tengku Azlan Sultan Abu Bakar

Ministry of Health
Minister: Datuk Liow Tiong Lai
Deputy: Datuk Dr Abdul Latiff Ahmad

Ministry of Higher Education
Minister: Datuk Khaled Nordin
Deputy: Datuk Dr Hou Kok Chung
Deputy: Datuk Idris Haron

Ministry Housing & Local Government
Minister: Datuk Ong Ka Chuan
Deputy: Datuk Robert Lau
Deputy: Datuk Hamzah Zainuddin

Ministry of Human Resources
Minister: Datuk Dr S. Subramaniam
Deputy: Datuk Noraini Ahmad

Ministry of Information
Minister: Datuk Ahmad Shabery Cheek
Deputy: Datuk Tan Lian Hoe

Ministry of Internal Security and Home Affairs
Minister: Datuk Seri Syed Hamid Syed Jaafar Albar
Deputy: Datuk Chor Chee Heung
Deputy: (Sen) Datuk Wan Ahmad Farid Wan Salleh

Ministry of International Trade & Industry
Minister: Tan Sri Muhyiddin Yassin
Deputy: Datuk Liew Vui Keong
Deputy: Datuk Jacob Dungau Sagan

Ministry of Natural Resources & Environment
Minister: Datuk Douglas Uggah Embas
Deputy: Datuk Seri Panglima Abdul Ghapur Salleh

Ministry of Plantation Industries & Commodities
Minister: Datuk Peter Chin Fah Kui
Deputy: (Sen) A. Kohilan Pillay

Ministry of Rural & Regional Development
Minister: Tan Sri Muhammad Muhammad Taib
Deputy: Tan Sri Joseph Kurup
Deputy: Joseph Entulu Belaun

Ministry of Science, Technology & Innovations
Minister: Datuk Dr Maximus Ongkili
Deputy: Datuk Fadillah Yusof

Ministry of Tourism
Minister: Datuk Azalina Othman Said
Deputy: Datuk Seri Sulaiman Abdul Rahman Taib

Ministry of Transport
Minister: Datuk Ong Tee Keat
Deputy: Datuk Anifah Aman

Ministry of Women, Family & Community Development
Minister: Datuk Dr Ng Yen Yen
Deputy: Senator Noriah Kasnon

Ministry of Works
Minister: Datuk Mohd Zin Mohamed
Deputy: Datuk Yong Khoon Seng

Ministry of Youth & Sports
Minister: Datuk Ismail Sabri Yaakob
Deputy: Wee Jeck Seng

Wishing everyone a Happy Day and MALAYSIA BOLEH!!!
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Kemana Hala Tuju Kita?

Assalammualaikum dan salam sejahtera semua. Terima kasih saya ucapkan kepada mereka yang telah banyak memberikan komen dan pandangan tentang entry sebelum ini. Hehehehehe..... Satu isu yang menarik minat pelbagai pihak saya rasa. Tetapi tujuan asal saya menulis entry tersebut bukanlah untuk bercerita tentang perkara tersebut. Tetapi memang saya sengaja hendak melihat bagaiman kebanyakkan daripada kita selaku remaja berfikir. Adakah kita ini berfikir secara telus, atau sekadar di permukaan.

Entry yang banyak mendapat komen setakat ini saya rasakan. Apa-apa pun terima kasih sekali lagi saya ucapkan kepada mereka yang telah meluangkan masa memberi pendapat. Apa yang kalian tulis itu adalah benar. Dan saya rasa jikalau kita terus berbincang perkara tersebut semakin banyak idea-idea yang baru akan dilontarkan.

Tetapi sebagai remaja yang menuntut di universiti, seharusnya kita tahu untuk mentafsir sesuatu perkara. Kita tidak hanya boleh menilai sesuatu melalui permukaannya sahaja. Tetapi kita harus mendalaminya. Begitu juga dengan pelajaran. Kita tidak hanya sekadar membaca dan menghafal. Tidak akan sampai maksud sebenar pendidikan jikalau itulah amalan kita. Seharusnya kita baca, lihat, dengar, dan faham tentang sesuatu perkara. Kuasai dulu baru memberi.

Dan sedarlah bahawa kita adalah bakal pemimpin negara pada masa depan. Sesungguhnya setiap apa yang kita lakukan itu, akan memberikan implikasi terhadap masa depan negara. Jikalau kita masih berada di takuk lama, masih mengikut sesuatu tanpa usul periksa nesecaya kita hanya akan menjadikan masa depan sebagai suatu yang suram. Buka minda dan buka mata. Katakan apa yang hak dan cegah yang batil. Jikalau apa yang saya lakukan itu adalah batil, katakan. Jangan sampai Pencipta menghukum semua kerana kemungkaran satu pihak. Semoga kita semua berada dalam lindungan-Nya.

"BERSATU KE ARAH KECERMELANGAN"
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Sebuah kisah klasik....

Assalammualaikum semua.

Apa khabar? Harap semua sentiasa sihat dan sejahtera hendaknya.
Macam mana dengan kehidupan seharian? Semakin menarik atau sebaliknya? Tepuk dada tanyalah selera.
Semenjak kebelakangan ni hidup aku semakin tidak keruan. Makan tak kenyang. Tidur tak lena. Mandi tak basah.
Aku sendiri tau puncanya. Semenjak aku bertemu dengan 'si dia' (actually dah lama. Tak tau ah 'dia' perasan atau tidak), aku selalu terbayang-bayangkan wajah 'si dia'.

Aku cakap ngan mak aku, dia kata aku tengah angau. Aku menafikannya. Orang kata aku sedang bercinta.
Macam mana orang tau? Sedangkan tuan punya badan pun tak tau ek? Pelik betul orang-orang nie ek.
Entahlah. Dan bermacam-macam cara aku lakukan untuk lupakan 'si dia', tapi masih tak berjaya juga.
Kekadang tuh aku berharap agar tak timbul perasaan macam ni time-time belajar nie.
Tapi nak wat camne kan. Orang kata dah jodoh. Aku sendiri pun dah tak mampu lagi untuk menipu diri sendiri.
Bayangkanlah aku duduk sesorang boleh gelak sendiri. Dah jadi macam orang giler ek aku nie.

Kekadang tuh duduk dalam bas nak ke U, tersengih sesorang macam kerang busuk. Arab pun pelik nengok aku.
Aku rasa memang aku nie dah kena pengan 'si dia'. Tapi satu ajer masalah aku ni. Dia pun belum tahu aku suka 'dia'.
Dan aku rasa 'dia' pun masih belum bersedia menerima diriku ni. Yelah saperlah yang nak budak kampung macam aku nie.
Dah ler xder harta. Makan minum pun still mak bapak tampung. Aper ingat nak bagi 'dia' makan pasir ker aper? Aku menjadi
serba salah. Perlukah aku luahkan perasaan aku nie? Atau perlu aku pendamkan sementara waktu. Kalau aku bagi tahu sekarang, apa plak yang 'dia' akan fikirkan? Kalau aku bagi tahu lewat, takut dah kena kebas orang. Camner nie?
Tolonglah.

Dah puas aku fikirkan. Adakah kerana rasa takut ditolak? Atau takut untuk menerima tanggungjawab. Kang kalau 'dia' dah setuju
pening plak fikir camne. Tapi aku rasa ngan mak bapak aku xder masalah kot. Dia orang macam bagi green light ajer (x macam orang tuh. sian. xper balik nanti bleh berusaha lagi ek). Korang fikir camne? Perlu ker aku bagi tahu pada dia? Atau perlu aku pendamkan sahaja? Tak pernah aku rasa getaran sehebat ini.

ARGHHHHHHHHHHHHHHHHHHHHHHHHH. Nak buat aper nie??????
 
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