ASSESSMENT of the ringgit’s position and growth needs to be done holistically to determine the local currency’s actual performance, instead of merely measuring it against the United States (US) currency, which is on the rise compared to most world currencies, says Deputy Finance Minister Datuk Mohd Shahar Abdullah.
He said the ringgit had declined by 6.2% versus the US dollar since early 2022, which is in line with the performance of regional and developed countries’ currencies which depreciated between 2.8% and 16.4% as of July 22, reported Bernama.
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