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Pegging The Ringgit Would Only Cause Long-Term Harm

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The US Dollar strengthened to a 14 years high in 2016. The worst-performing currencies against the USD in 2016 were the Egyptian Pound (-59%), Nigerian Naira (-27%), Turkish Lira (-18%) followed by Mexican peso (-17%), British Pound (-17$) and Argentinian peso (-17%). Elsewhere in Asia, the Chinese Yuan fell 6.58% in 2016 while the Euro…

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Government’s Decision Not To Peg Ringgit Is Appropriate

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KUALA LUMPUR – The government’s decision not to peg the Ringgit against the US Dollar to stem its decline is appropriate to the current circumstances, said an economist. Although the Ringgit had depreciated much more than other currencies, the situation was still under control, said senior lecturer at Universiti Utara Malaysia’s School of International Studies…

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