Optimism on the ringgit remains

PETALING JAYA: The ringgit has fallen against most Asean currencies, and not just the US dollar, in the past five years as Bank Negara and successive governments struggled to solve long-term structural issues hammering the ringgit.

With the ringgit inching closer to the record-low of 4.8850 per US dollar, experts said it is unfair to blame only soft exports and major economies’ high interest rates for the ringgit’s poor conditions.