Asia Sentinel

Asia Sentinel

Malaysia Scandal Wreaks Havoc on Economy

John Berthelsen's avatar
John Berthelsen
Aug 25, 2015
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Malaysia’s central bank is clearly losing the battle to defend its national currency, the ringgit, which fell to RM4.2275:US$1 on Aug. 24 before recovering slightly on Bank Negara buying, with the pace accelerating as the international financial community continues to lose confidence in the country’s deteriorating economic position and its massive twin …

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