No Misalignment of our currency.

Minister of Finance II Tan sri Nor Mohamad Yakcop
and Bank Negara Governor datuk Zeti is certainly
unwittingly contradicting themselves when they
repeatedly voice their usual assurance that there was
no misalignment of our currency with the other major
currencies.The finance Minister II gave figures that
revealed a drop of 11.2% in sterling,10.5% of
Euro,25.2%of the yen and a 17.1% in the rupiah and
yet in the same breath said that there was no
misalignment. How could they reconcile their statement
that there is no misalignment and yet gave figures
that indicate a substantial drop in value of those
major currencies.?In fact the figures provided by the
minister is inaccurate.In 1998 the sterling was about
$5 to a pound.Now it is about $7.20 to a pound.That
translate to a drop of almost 29% in value in relation
to our currency and not 10.5% as given by the Finance
Minister II. If a drop in value of a currency of 29%
is not misalignment then the Finance Minister II and
Bank Negara Zeti should give a clear definition of
misalignment.