ringgit Archives - Page 2 of 2

Mahathir pushes for pegging ringgit to US dollar as Malaysian currency keeps sinking

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 …

Opinion: Asia’s market turmoil has the US’ fingerprints all over it

by Anas Siddiqui

An adage on Wall Street is that to quell inflation, the US Federal Reserve must raise interest rates until something breaks. In Asia, the cracks have deepened significantly over the …

Malaysians to pay more for staples as weak ringgit enters ‘uncharted territory’ amid global slowdown

by Walter Watson

Malaysia’s central bank on Monday said the economy was “not in crisis” despite the ringgit hitting a record low, and that it would take all necessary measures to maintain a …