THE ringgit has depreciated against certain major currencies, especially the euro and the Australian dollar, to levels not seen in the past three years as a result of the weakening US dollar, to which the ringgit has been pegged.
The slide of the greenback has triggered off a fresh round of debate and also speculation as to whether the government should peg the ringgit to a higher level versus the US dollar or remove the peg and adopt a managed float foreign exchange policy.
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