‘Unfair to blame us over weak ringgit’

PETALING JAYA: 1Malaysia Deve­lopment Berhad is disappointed with Bank Negara Governer Tan Sri Dr Zeti Akhtar Aziz, claiming that she had singled out the strategic development company for the ringgit’s weakness.

In a statement yesterday, 1MDB said the ringgit’s weakness and other currencies, such as the Norwegian Kroner; the Australian Dollar, the Russian Rouble and the Brazillian Real, were mainly due to the abrupt fall in oil prices, expectations of rising US interest rates and concerns of economic slowdown in emerging markets.