Positive steps should be taken to stop depreciation of ringgit

JOHOR BARU: More effort is needed to reverse the sliding of the ringgit as the depreciation of the currency will hurt the country’s economy in the long term.

Johor MCA Government Affairs Liaison bureau head Michael Tay said that a weak currency would lead to the Government to forking out more to pay off the country’s external debts, which was in US dollars.