Dr. M has suggested that the Ringgit be pegged against the US Dollar. Again. Some of you may remember that the Ringgit was pegged at 3.80 in the midst of the 1997 Asian Economic crisis and was lifted sometime in July 2005. Why? Does he see that the Ringgit will fall lower than its current […]
Ringgit
Malaysian Ringgit Trends Lower
The United States may be facing one of its worst credit crunch in recent times but as their Dollar weakens, the Malaysian Ringgit is falling faster than it, which is actually good news to me. While in America, financial crisis is the cause, in Malaysia, it is political crisis. One does not know when we […]