MALAYSIA’s ringgit peg is “not substantially misaligned” despite the US dollar’s fall, the International Monetary Fund (IMF) said yesterday, backing official and manufacturers’ views supporting the peg.
“Despite a sizeable depreciation in the last year and a half, the ringgit REER (real effective exchange rate) remains close to its long-term trend, and is supported by relatively strong fundamentals,” the IMF said in its annual review of Malaysia’s economy.
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