MALAYSIA'S currency peg, which has been in place for more than six years, should be reviewed as the weak US dollar has caused the ringgit to depreciate against major currencies, says former Prime Minister Tun Dr Mahathir Mohamad.
“I feel the time has come for us to review because we have lost a lot as the value of our currency has fallen,” he told newsmen after meeting Joseph E. Stiglitz, an economics professor at Columbia University, at the Perdana Leadership Foundation office in Putrajaya yesterday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
