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.
Malaysian Currency in Free Fall
Malaysian Currency in Free Fall
Malaysian Currency in Free Fall
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.