51. Prices were quoted in two currencies, the ringgit and the US dollars. 52. Alongside them, we quoted prices of the same items in the Australian dollar as well as the British pound. 53. And when that foreign broking house quotes a price it is usually for small volumes. 54. He said manufacturers were now wary of quoting any price due to the fluctuation of the ringgit. 55. However, the US dollar will continue to be the currency all Asian countries will use to quote their prices, for there is no official regional currency. 56. In addition, their prices will be quoted in various currencies instead of the dollar to be more flexible for distributors. 57. Juturon Himathongkom, assistant vice-president at Total Access Communication, said TAC had negotiated with major suppliers who proposed to quote handset prices in non-US currencies. 58. Most shops quote prices in U.S. dollars rather than in the rapidly devaluating local currency. 59. The Farsi-language Jomhuri Islami newspaper said the currency fluctuations have prompted many shopkeepers to start quoting prices in dollars. 60. The fluctuating exchange rate has directly affected export prices quoted as exporters have to speculate on the exchange rate day by day, increasing business risks. |