Impact of weakening ringgit


The fall in the Malaysian ringgit would boost exports and encourage foreign tourists to visit the Southeast Asian country since goods and services will be cheaper. - AFP

The sliding local currency brings both good and bad to the domestic economy

THE weakening of the ringgit or rather the rise of the US dollar against the rest of the world’s currencies has brought mixed fortunes to the local economy.

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Business , Ringgit , currency , exports

   

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