Ringgit continues decline against dollar, closing in on 4.8 mark
An analyst says he expects the downward trend to continue for the local currency.
Ringgit slips to new 24-year low against US dollar
This is in line with lower oil prices as more investors shift towards safe-haven assets.
Ringgit value will continue to fall for now, says economist
The strengthening of the US dollar, driven by the increase in US interest rates, has caused a decline not only in the ringgit but in other currencies as well.
Ringgit opens at 24-year low against US dollar
This is its lowest level versus the US dollar since the Asian financial crisis in 1998.
US dollar hits 20-year high as Fed flags rates higher for longer
The dollar index scaled to a fresh two-decade peak of 109.4 in early Asia trade, with greenback strength pushing other major currencies to new lows and putting pressure on its emerging markets counterparts.
Ringgit slump due to external factors, economists say
But there is also a silver lining to the drop in ringgit value, they add.
Pakistanis told to drink less tea to cut high import bills
Pakistan is one of the world's top importers of tea, with the value of imports during the July 2020-June 2021 fiscal year at US$580.5 million.
A case for pegging the ringgit
The fact remains that the 1998 pegging was successful.
Myanmar currency drops 60% in 4 weeks as economy tanks
The increasing economic pressures come amid signs of an upsurge in bloodshed, as armed militias have become bolder in clashes with the army after months of protests and strikes by opponents of the junta.
