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Malaysians Seek Currency Havens as Crisis Grows
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Malaysians Seek Currency Havens as Crisis Grows

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Albert
Aug 07, 2015
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Asia Sentinel
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Malaysians Seek Currency Havens as Crisis Grows
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Consumers in Malaysia are turning to money changers to trade the domestic currency for US and Singapore dollars, triggering a foreign currency shortage as a steeply falling ringgit cuts into their buying power.

Currency traders say the run on the ringgit is causing a shortage of US dollars as people try to move their money into safer currencies. At least…

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