Central bank says ringgit decline does not reflect improving prospects for economy
PUBLISHED : 21 Feb 2024 at 15:09
The last time the Malaysian ringgit fell below 4.8 to the US dollar was in 1998 during the Asian financial crisis. (Photo: Reuters)
The Malaysian ringgit continues to trade near its lowest level since the 1998 Asian financial crisis, prompting the central bank to say it does not reflect the improving outlook for the economy.
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