Mahathir Suggests Pegging The Ringgit

Posted on by http://wealthcreation.club
🇲🇾 🇲🇾 Former Malaysian premier Mahathir Mohamad said the country should consider pegging its sinking currency to the dollar, repeating the policy he introduced during the Asian financial crisis in the late 1990s

The ringgit is the worst performer in emerging Asia this year, sliding almost 8% versus the greenback. It slumped to almost 4.8 per dollar last month, the weakest level since January 1998, the height of the multi-year crisis that roiled Asian financial markets

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