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CUSTOMERS INSPECTS USED LUXURY CARS IN KUALA LUMPUR, 1997-09-23 (photo)

CUSTOMERS INSPECTS USED LUXURY CARS IN KUALA LUMPUR, 1997-09-23 (photo)
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IMAGE number
REU8060552
Image title
CUSTOMERS INSPECTS USED LUXURY CARS IN KUALA LUMPUR, 1997-09-23 (photo)
Auto-translated text View Original Source
Artist
Unknown
Medium
photograph
Date
1997 AD
Shooting Date
1997-09-23
Image description

Customers check rows of imported luxury cars, which have seen a slow down in sales, in Kuala Lumpur, September 23. Car importers in the Malaysian capital have yet to raise their prices despite the ringgit falling nearly 25 percent since July, but many say a hike may be inevitable if the government increases taxes for foreign vehicles from next year to cut down on the outflow of money. The ringgit on Monday sank to a new 26-year low of 3.1300 to the U.S. dollar after Prime Minister Mahathir Mohamad blasted foreign exchange trading, saying it was "immoral" and should be banned. MALAYSIA MARKETS

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REUTERS/Str Old / Bridgeman Images
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