Malaysia PM Says Ringgit’s Fall to 26-Year Low ‘Concerning’
- Government has asked the central bank to monitor the ringgit
- Currency dropped this week to lowest level since 1998
Anwar Ibrahim
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Malaysian Prime Minister Anwar Ibrahim said the ringgit’s slide this week to its lowest level since the Asian financial crisis is “concerning” and that the authorities are watching the currency’s fluctuations.
“We have assigned the central bank to monitor, but it is affecting all countries,” Anwar told reporters on Friday. “Ideally, the ringgit should be under control.”