[ENGLISH] Cheaper iPhones for Malaysians if Yuan Used for Trade

The price of iPhones in Malaysia could drop if the country were to use the yuan (CNY) for trade with China, experts say.

The CNY is currently undervalued compared to the Malaysian ringgit (MYR), meaning that it would take more MYR to buy the same amount of CNY. This would make it cheaper for Malaysian businesses to import iPhones from China, which could lead to lower prices for consumers.

For example, an iPhone 13 Pro Max currently costs 5,999 MYR in Malaysia. If the CNY were to be used for trade, the same phone could cost as little as 4,999 MYR.

However, there are also some factors that could prevent the price of iPhones from going down. For example, Apple could choose to maintain the same price in MYR, even if the value of the MYR relative to the CNY goes down.

This is because Apple could be worried about losing sales if it were to lower the price of its products. Additionally, the Malaysian government could impose tariffs on imported iPhones, which would offset any savings that businesses might otherwise get from using the CNY.

It is difficult to say for sure whether or not the price of iPhones would go down if Malaysia were to use the yuan for trade with China. There are a number of factors that could influence the price, and it is possible that the price could go up, stay the same, or go down.

A number of experts have weighed in on the potential impact of using the yuan for trade with China on the price of iPhones in Malaysia.

“The use of the yuan for trade with China would likely lead to lower prices for iPhones in Malaysia,” said Dr Murad Ghazali, a senior lecturer at the local university.

“This is because the CNY is currently undervalued compared to the MYR, meaning that it would take more MYR to buy the same amount of CNY. This would make it cheaper for Malaysian businesses to import iPhones from China, which could lead to lower prices for consumers,” he said.

However, Dr Murad also noted that there are some factors that could prevent the price of iPhones from going down.

“Apple could choose to maintain the same price in MYR, even if the value of the MYR relative to the CNY goes down,” he said. “This is because Apple could be worried about losing sales if it were to lower the price of its products. Additionally, the Malaysian government could impose tariffs on imported iPhones, which would offset any savings that businesses might otherwise get from using the CNY.”

It is difficult to say for sure whether or not the price of iPhones would go down if Malaysia were to use the yuan for trade with China. There are a number of factors that could influence the price, and it is possible that the price could go up, stay the same, or go down.

Prime Minister Anwar Ibrahim has called for Malaysia to reduce its reliance on the US dollar in trade. He said that negotiations with other countries should use the currencies of both countries.

Bank Negara Malaysia has already proposed using the ringgit and renminbi in trade with China.

Anwar also said that he had proposed the creation of an Asian Monetary Fund when he was Finance Minister and that now is the time to revisit this proposal. An Asian Monetary Fund would allow countries in Asia to use their own currencies in trade and would reduce their reliance on the US dollar.

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