KUALA LUMPUR: Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz is again brushing off suggestions to peg the ringgit, saying that doing so would do more harm to the Malaysian economy.
The ringgit has hit new 17-year lows against the US dollar in recent weeks, declining 26% year-to-date and closing at 4.395 yesterday. The ringgit was pegged against the greenback at 3.80 during the height of the Asian financial crisis in September 1998 and was unpegged in July 2005.
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