A ringgit peg would not work

EVEN Selangor Mentri Besar Azmin Ali is talking about the ringgit being pegged as an option to stem its decline. He was reported to have even said that this was something that should be discussed in Parliament.

That comes as a surprise because if a currency is to be pegged, it should be done without the market getting wind of it. The element of surprise is crucial. Pegging the ringgit is not something that would be debated in Parliament, especially before its implementation.