Ringgit’s Slide Is Eroding Trust in Malaysia’s Anwar, Ex-PM Says
- PM rival Muhyiddin expects Anwar to bow out before term ends
- Ringgit’s drop to 1998-low adds to government’s troubles
A customer uses an ATM in Kuala Lumpur.
Photographer: Samsul Said/BloombergThis article is for subscribers only.
A Malaysian opposition leader warned that the nation’s currency slide to a 26-year-low is eroding confidence in Prime Minister Anwar Ibrahim’s government, piling on economic pressures that includes delayed reforms and moderating growth.
“Key in this situation now is confidence and trust in the government,” former premier Muhyiddin Yassin said in an interview on Thursday. He said people are wondering “if it’s geopolitical,” as the government says, then why is Malaysia’s currency performing among the worst.