Ringgit peg – Not the answer for Malaysia

Pegging the ringgit against market forces may further hurt our growth in the long run.

THE ringgit is experiencing a historic low in value but should we consider pegging it as an option? Or is the ringgit actually at its fair value?

The current depreciation of the ringgit presents a dual scenario. On one hand, it can benefit exporters, on the other, the low value may be unfavorable due to our reliance on high-import materials.