Najib - Bretton Wood 2

During a press conference in Lima, Peru, Najib had stated that Malaysia will back up efforts to re-establishes Bretton Wood system which had ceased operating since 197xx. Najib commented further that due to huge monetary transaction conducted daily, and subjected to fluctuation - companies need to be sure the amount that they ready to commit.

Well, I agreed very much with Najib - the speculation - making money out of no where - money trading - had made international transaction become too risky and deadly. Asian Financial Crisis (1997)is an example of such incident.