Exporters gain, consumers pay more as ringgit depreciates


Raevathi Supramaniam

Experts say local exporters will gain from the continuously depreciating ringgit while the public will have less purchasing power. – The Malaysian Insight file pic, September 16, 2022.

MALAYSIAN exporters will gain from the continuously depreciating ringgit while the public will be the biggest losers as importers contemplate passing on the added cost to them, driving inflation rates higher, experts say. 

Sunway University economist Dr Yeah Kim Loong said the sliding ringgit meant the public would have less purchasing power. 


Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one (1) week free access!

Subscribe Now!


Sign up or sign in here to comment.


Comments