Malaysia Should Consider Pegging Ringgit to US Dollar, Mahathir Says
- Currency may slide to new record low of 5 per dollar: Mahathir
- Mahathir said he asked BNM about peg when he returned as PM
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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.
“It’s something to be considered,” Mahathir said in an interview on Wednesday in his office in the administrative capital of Putrajaya.