A Complementary Currency Model Proposed For Orang Asli Community: An Empirical Analysis | SEKOLAH PERNIAGAAN DAN EKONOMI UPM
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A Complementary Currency Model Proposed For Orang Asli Community: An Empirical Analysis

by Jarita Duasa*, Maya Puspa Rahman, Mohamed, Asmy Mohd Thas Thaker
International Islamic University Malaysia, Malaysia
 

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Abstract 

The study proposes the complementary currency (CC) model to the Malaysian Orang Asli community since the Orang Asli accounts for about 20 per cent of the nation's hardcore poor. It also attempts to measure the acceptance level of the community if the complementary currency system were to be introduced for their economics activities. Using primary data collected from the survey among Orang Asli, the study analyzes the collected data using statistical tools such as frequencies, cross-tabulation and logistic regression to meet the objectives of this study.  The results of study indicate that Ringgit Malaysia (RM) remains as an important selection of medium of exchange among the members of Orang Asli community even though CC could have a potential to be used instead. In other words, CC could probably be used to support the national currency as it might not be able to play its main roles and the best mechanism that could be used as CC is the ‘agricultural product’. The results also infer that high probability of the community will opt for the CC if the members are at moderate level of education and they ever heard about CC in other countries. It is expected that the findings will assist the policymakers in implementing the CC model to the Orang Asli community in realizing the vision of the nation to be a developed nation.

Keywords: Complementary currency, Orang Asli, Malaysia, Logit model

 

Kemaskini:: 22/02/2022 [syazmer]

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