Don’t cry for a weak ringgit

Wong Chin Yoong

The writer says the ringgit’s bounce from RM4.78 per dollar in November 2022 was not a vote of confidence in PM Anwar Ibrahim’s government. – The Malaysian Insight file pic, June 8, 2023.

WE probably have enough of a weak ringgit, and hence are not having enough arguments on why the ringgit is so weak against the dollar.

Don’t blame politics because, well, who would genuinely believe global investors and forex traders going in and out of the market daily would care about Malaysian politics.

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