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Asia Sentinel
Malaysian Currency in Free Fall

Malaysian Currency in Free Fall

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Albert
Aug 12, 2015
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Asia Sentinel
Asia Sentinel
Malaysian Currency in Free Fall
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The Malaysian ringgit, under pressure from international currency traders betting against a stalling economy and a major political crisis, has hit the psychologically important barrier of RM4:U$1 as Bank Negara, the country’s central bank, throws its reserves at the attempt to stop the slide.

The economic problems have hit the stock market as well, with …

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