Internationalisation of ringgit reimagined (Part 1 of 3)

Wong Chin Yoong

While it is widely acknowledged that the weak ringgit was a consequence of a strong dollar due to the Federal Reserve's interest rate hikes, recent months have shown that the ringgit has been weakening against all major trading partners' currencies, suggesting a broader issue. – AFP pic, July 4, 2023.

THE steadily declining ringgit has been under the spotlight for some time.

One is told that depreciation could stimulate exports, bolstering production and creating jobs. 

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